Industrial Prices Index (IPRI) Business Turnover Index Spain Hotel overnight stays Manufacturing and services PMIs Eurozone and USA Ifo business confidence index Germany Exports of medicines and pharmaceuticals EU

1. Business…
at a glance
April 2023
% change Q1 22 – Q1 23
38.0 37.6
71.3
42.1 38.3
Q1 19 Q1 20 Q1 21 Q1 22 Q1 23
Hotel overnight stays (INE)
y-o-y
+26.6%
Q1 23
53
million
Million
r/ Q1 2019
-1.1%
% overnights of residents of Spain
53.6
42.0
8.5
41.9
53.0
Q1
19
Q1
20
Q1
21
Q1
22
Q1
23
Return to pre-pandemic levels
> national change
(+26.6%)
≤ national change
(+26.6%)
+29%
+39.6%
+34%
+33.8%
> national change
(-1.1%)
≤ national change
(-1.1%)
-7.1%
-8.3%
-8.7%
-4.2%
-12%
-5.2%
-3.2%
-2.5%
Industrial Prices Index (IPRI) (INE)
% y-o-y change
By type of goods
Mar. 23
monthly
-2.2%
y-o-y
-1.0%
IPRI
exc. energy
+7.3%
y-o-y
General IPRI % y-o-y change
Impact of changes
in energy prices
% y-o-y change
By sector
Business Turnover Index* Spain (INE)
Feb. 23
monthly
+0.4%
y-o-y
+6.8%
* Turnover. Data adjusted for seasonal and calendar effects
% y-o-y change
-45
-30
-15
0
15
30
45
60
Feb-20
Jun-20
Oct-20
Feb-21
Jun-21
Oct-21
Feb-22
Jun-22
Oct-22
Feb-23
% change Q1 19 – Q1 23

2. Business… at a glance. a publication of the “Círculo de Empresarios” produced by its Department of Economy. contains information and opinion from reliable sources. However. the “Círculo de
Empresarios” does not guarantee its accuracy and does not take responsibility for any errors or omissions. This document is merely informative. As a result. the “Círculo de Empresarios” is not responsible
for any uses that may be made of the publication. The opinions and estimates of the Department can be modified without prior warning.
Manufacturing
Manufacturing and services PMIs Eurozone and USA (Markit)
Ifo business confidence index Germany (Ifo Institute)
Apr. 23
-10p.
-8.8p.
y-o-y
45.5 points
50.4 points
y-o-y
Services
-1.1p.
-1.9p.
y-o-y
56.6 points
53.7 points
y-o-y
Apr. 23
93.6 points
+0.4p.
monthly
+1.7p.
y-o-y
% probability expansion (>66) / contraction (<33)
* Value =/>50 indicates expansion of activity and <50 contraction
47.9
33.4
63.4
55.5
46.4
48.8
45.5
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
Eurozone US
52,5
12.0
41.7
57.7 56.6
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
Eurozone US
95.8
98.6
90.4
93.0
85.0
93.6
76
80
84
88
92
96
100
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
Ifo Index
Business Situation
Business Expectations
2015=100
Exports of medicines and pharmaceuticals EU (Eurostat)
2022
Exports
extra-EU
y-o-y
+22%
€ 287 bn
2002 level
5.7times
bn €
0
50
100
150
200
250
300
2001
2003
2005
2007
2009
2011
2013
2015
2017
2019
2021
Balance
Imports
Exports
Top 5 extra-EU exporting countries
Main export destinations
% of total
33
13
7
6
6
4
31
US
Switzerland
UK
China
Japan
Russia
Other
% of total extra-EU exports
0
33
66
99
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23