EPI = 100 − |inflation| − unemployment − deficit/GDP + GDP growth. Source: IMF WP/13/214 (Khramov & Lee, 2013).
Deficit/GDP sourced from Eurostat / INE 2024
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 4.9 | 4.3 | 4.9 | In Line | |||
| 3.1 | 2.9 | 3.1 |
| In Line |
| Inflation Rate MoM | 0.3 | 0.7 | 0.3 | In Line |
| CPI | 2.7 | 2.6 | 2.7 | In Line | Rising2nd Consecutive Increase |
| CPI YoY | 3.4 | 2.7 | 2.7 | Beat | Rising2nd Consecutive Increase |
| CPI MoM | -0.4 | 0.3 | -0.4 | In Line | ||
| Producer Price Index YoY | 13.2 | 9.4 | 9.6 | Beat | Rising3rd Consecutive Increase | |
| Harmonised Inflation Rate YoY | 5 | 4.6 | 5 | In Line | ||
| 0.6 | 0.7 | 0.6 | In Line | |||
| Core CPI YoY | 2.9 | 3 | — | Falling2nd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Unemployment Rate | 9.87 | 10.83 | 10.7 | Miss | Falling2nd Consecutive Decrease | |
| Employment Change | 23.587 | 44.419 | 17.6 | Beat | Falling2nd Consecutive Decrease | |
| -58.7 | -60.5 | -55.4 | Miss |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| GDP Growth Rate YoY | 2.6 | 2.6 | 2.7 | Miss | ||
| GDP Growth Rate QoQ | 0.7 | 0.6 | 0.7 | In Line | ||
| 2.6 | 2.7 | 2.5 | Beat | |||
| 0.7 | 0.6 | 0.6 | Beat | Rising2nd Consecutive Increase |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| House Prices YoY | -4.2 | -4.5 | -0.1 | Miss |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Retail Sales MoM | 0.3 | -1 | 0.3 | In Line | Rising2nd Consecutive Increase | |
| Retail Sales YoY | -0.4 | -0.4 | 0.4 | Miss | ||
| 84.1 | 81.2 | 81.5 | Beat | Rising3rd Consecutive Increase | ||
| -1.6 | -3.8 | -4.3 | Beat | Rising2nd Consecutive Increase |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Balance of Trade | -5.22 | -7.69 | -8.1 | Beat | Rising3rd Consecutive Increase | |
| Trade Balance | -6 | -4.01 | — | Falling3rd Consecutive Decrease | ||
| 5.91 | 3.47 | 3 | Beat | Rising3rd Consecutive Increase |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Manufacturing PMI | 51 | 49.5 | 50.1 | Beat | Rising2nd Consecutive Increase | |
| Services PMI | 58.3 | 57.8 | 56.8 | Beat | Rising2nd Consecutive Increase | |
| Composite PMI | 56.8 | 55.8 | 54.9 | Beat | Rising2nd Consecutive Increase | |
| 1.5 | 2.5 | 2.6 | Miss | Falling2nd Consecutive Decrease | ||
| -16.4 | -0.1 | — | Falling3rd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| 2-Year Note Auction | 3.43 | — | — |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Thomson Reuters IPSOS PCSI | 45.22 | 46.82 | — | Falling4th Consecutive Decrease | ||
| 3-Year Bonos Auction | 3.313 | 3.079 | — | Rising5th Consecutive Increase | ||
| 3.482 | 3.558 | — | Falling2nd Consecutive Decrease | |||
| 3.713 | 3.188 | — | Rising2nd Consecutive Increase | |||
| 3-Month Letras Auction | 2.635 | 2.456 | — | Rising5th Consecutive Increase |
| 2.96 | 2.776 | — | Rising5th Consecutive Increase | |||
| 2.769 | 2.623 | — | Rising5th Consecutive Increase | |||
| 2.999 | 2.832 |
| Rising4th Consecutive Increase |
| Tourist Arrivals YoY | 9.2 | 4.6 | — | Rising3rd Consecutive Increase |
| New Car Sales MoM | 36.9 | -32.8 | — | Rising2nd Consecutive Increase |
| New Car Sales YoY | 10.2 | 11.8 | 5.7 | Beat | Falling2nd Consecutive Decrease |
| 10-Year Obligacion Auction | 4.176 | 3.96 | — | Rising5th Consecutive Increase |
| 10-Year Index-Linked Obligacion Auction | 1.96 | 1.425 | — | Rising3rd Consecutive Increase |
| HICP YoY | 4.5 | 3.9 | 4.6 | Miss | Rising4th Consecutive Increase |
| 30-Year Obligacion Auction | 4.286 | 4.038 | — | Rising2nd Consecutive Increase |
| 15-Year Obligacion Auction | 3.813 | 3.845 | — | Falling2nd Consecutive Decrease |
| New Car Registrations MoM | 32.8 | -29 | — | Rising2nd Consecutive Increase |
| New Car Registrations YoY | 7.5 | 1.1 | — | Rising3rd Consecutive Increase |
| HICP MoM | -0.8 | 0.3 | -0.7 | Miss |
| Obligacion Auction | 4.024 | — | — | Rising4th Consecutive Increase |
| 50-Year Obligacion Auction | 4.024 | 3.874 | — |
| 17-Year Green Bonos Auction | 3.739 | 3.847 | — |
| 8-Year Obligacion Auction | 2.904 | 3.062 | — | Falling3rd Consecutive Decrease |
| Bonos Auction | 3.847 | 3.442 | — | Rising2nd Consecutive Increase |
| 12-Year Obligacion Auction | 3.187 | — | — |
| 24-Year Index-Linked Obligacion Auction | 3.507 | — | — |
| 20-Year Obligacion Auction | 3.566 | 3.65 | — | Falling3rd Consecutive Decrease |
| 3-Year Index-Linked Obligacion Auction | 0.892 | 0.83 | — |
| 13-Year Obligacion Auction | 3.394 | — | — |
| 6-Year Obligacion Auction | 2.888 | 2.831 | — | Rising2nd Consecutive Increase |
| 15-Year Index-Linked Obligacion Auction | 1.392 | 1.329 | — | Rising2nd Consecutive Increase |
| 4-Year Index-Linked Obligacion Auction | 0.83 | 0.879 | — |
| 2-Year Bonos Auction | 3.51 | 1.88 | — |
| 19-Year Green Bonos Auction | 4.479 | 3.802 | — |
| 4-Year Obligacion Auction | 3.426 | 2.922 | — |
| 7-Year Index-Linked Obligacion Auction | 1.03 | 0.876 | — |
| 5-Year Index-Linked Obligacion Auction | 1.092 | 0.652 | — |
| 18-Year Obligacion Auction | 3.751 | 3.902 | — |
| 5-Year Obligacion Auction | 2.92 | 2.98 | — |
| 25-Year Obligacion Auction | 1.124 | — | — |
| Tourist Arrivals | 2216 | 1363.6 | 2550 | Miss | Falling3rd Consecutive Decrease |
