Labour market Spain Consumer Price Index Spanish public debt Energy prices for EU-27 households US manufacturing and services PMI Interest rates

1. Economy…
at a glance
November 2022
Consumer Price Index (INE and Eurostat)
Oct. 22 % y-o-y change
Harmonised CPI Eurozone
% y-o-y change
monthly
+0.4%
y-o-y
+7.3%
General CPI
+6.2%
y-o-y
Core CPI
Eurozone
10.3%
(4.1% - Oct. 21)
Spanish public debt (Public Treasury)
Sep. 22
€1,287.9bn
Interest rate
1.64%
Outstanding
debt
6.45
6.81 7.13 7.45 7.55 7.75 7.99 7,91 8.00
3.13 2.80 2.58 2.42 2.20
1.86 1.64 1.64
1
2
3
4
5
6
7
8
2015 2016 2017 2018 2019 2020 2021 2022* 2023**
Average life (years) Average interest rate debt in domestic currency (%)
* Data until Sep. 22 ** Forecast PGE 23
5.8
90.4
Bills Bonds Other
Distribution by instrument
% of total
Labour market Spain (M. Labour & Soc. Ec./M. Incl., Soc. Sec & Migr. )
0
1
2
3
4
5
6
7
8
9
10
11
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
General CPI Core CPI
Oct. 22
20,283,786
y-o-y
(+0.5% monthly)
+3.0%
Affiliates*
2,914,892
y-o-y
(-0.92% monthly)
-10.51%
Unemployed*
*Original series
▲ affiliation by region
% y-o-y change
</= national average (+3%)
> national average (+3%)
-10.73%
+8.37%
+3.49%
+4.34%
+6.12%
+3.36%
-3
0
3
6
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Affiliated to Social Security
% y-o-y change
Moderation in job
creation
-0.92
-1
0
1
2
3
4
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Unemployed in October of each year
% monthly change Atypical month due to ▲
discontinuous permanent contracts

2. Economy… 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.
Energy prices for EU-27 households (Eurostat)
Greece
Italy
Ireland
S1 22
Electricity
+15%
y-o-y
Natural gas
+34.4%
y-o-y
Estonia
Spain
% y-o-y change
Electricity price
% y-o-y change
Natural gas price
Germany
France
Portugal
Hungary
+154.3
+97.4
+40.3
+36.6
+29.8
+24.6
+23.0
+9.3
-5.2
US manufacturing and services PMI (Markit)
Points (< 50: contraction of economic activity)
Oct. 22
r/ max. Jul. 21
-13p.
Manufacturing
r/ max. May. 21
Services
-22.6p.
63.4
50.4
70.4
47.8
25
30
35
40
45
50
55
60
65
70
75
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Manufacturing Services
Points
Services PMI
Oct-22
48.6
Oct-22
48.8
max.
Jul.21
59.8
max.
May.21
62.9
Eurozone UK
Points
Manufacturing PMI
Oct-22
46.4
Oct-22
46.2
max.
Jun.21
63.4
max.
May.21
65.6
Eurozone UK
-11.2
-14.1
-17 -19.4
Interest rates (Investing)
-1
0
1
2
3
4
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Fed
ECB
BoE
BoJ
Nov. 22 % ▲ in Central Bank reference rates ▲ in 10-year bond yield
0.4
-0.3
1.5
0.8
3.2
2.1
4.0
3.5
Spain Germany US UK
Nov-21
Nov-22
%
Fed US
3.75%-4%
ECB Eurozone
▲ 0.75 bp
BoE
3%
2%