With data for the first quarter of 2023, the Quarterly accounts show a quarter-on-quarter GDP increase of 0.5%. With regard to demand, final consumption of households and NPIs fell by 1.3%

With the Spanish Statistical Office (INE) still to publish data for the first quarter of 2023, everything points to a slight weakening in demand, both in private consumption and investment.

In the first two months of this year, the leading indicator for demand, the service purchasing managers’ index, and the consumer confidence climate index were optimistic in light of the expected GDP figures for the first quarter.

In the final quarter of the year, the main macroeconomic indicators for the Spanish economy are showing a slight decrease in the growth rates of both the consumption items and some investment items.

This new GIX Report number 26, corresponding to the end of 2022 and based on the figures available at that date, reflects a certain cooling of the economy in general.

As we move through the financial year, more data will become available that will give us a better picture of the country's economic outlook, which is clearly also influenced by exogenous factors as well as internal ones.

As we move through the financial year, more data will become available that will give us a better picture of the country's economic outlook, which is clearly also influenced by exogenous factors as well as internal ones.

The economic context remains with the same levels of uncertainty as a month ago, even with a greater vision for the end of the year, Spain can close 2022 with a GDP growth in real terms in the vicinity of 4%.

The macroeconomic situation continues to experience the same level of uncertainty as it did one month ago.

The recent publication of the Quarterly Accounts with the advance data for the second quarter of the financial year show a slowdown in year-on-year terms

The pandemic and the start of the Russia-Ukraine war have triggered a series of structural events in the Spanish economy, in both supply and demand.

Here is the 19th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

Here is the 18th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

Here is the 17th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

Here is the 16th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

Here is the 15th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

We have updated the data on the indicators of the Housing Bubble and the Rental Stress for the first half of 2020. A first analysis of the indicators shows the following results.