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 |
|---|---|---|---|---|---|---|
| 4.3 | 3.6 | 4.2 | Beat | Rising4th Consecutive Increase | ||
| 2.9 | 3 | 3.8 | Miss | Falling2nd Consecutive Decrease |
| Inflation Rate MoM | 0.7 | 0.3 | 0.6 | Beat | Rising3rd Consecutive Increase |
| CPI | 2.7 | 2.6 | 2.7 | In Line | Rising2nd Consecutive Increase |
| CPI YoY | 4.3 | 3.6 | 4.2 | Beat | Rising4th Consecutive Increase |
| CPI MoM | 0.7 | 0.3 | 0.6 | Beat | Rising3rd Consecutive Increase | |
| Producer Price Index YoY | 9.2 | 7 | 5.8 | Beat | Rising2nd Consecutive Increase | |
| Harmonised Inflation Rate YoY | 4.5 | 3.9 | 4.6 | Miss | Rising4th Consecutive Increase | |
| 0.6 | 0 | 0.8 | Miss | Rising3rd Consecutive Increase | ||
| Core CPI YoY | 2.9 | 3 | — |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Unemployment Rate | 9.87 | 10.83 | 10.7 | Miss | Falling2nd Consecutive Decrease | |
| Employment Change | 44.419 | 19.517 | 15.4 | Beat | Rising5th Consecutive Increase | |
| -58.7 | -60.5 | -55.4 | Miss |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| GDP Growth Rate YoY | 2.7 | 2.7 | 2.7 | In Line | ||
| GDP Growth Rate QoQ | 0.7 | 0.6 | 0.7 | In Line | ||
| 2.7 | 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 | -0.9 | 0.3 | 0.5 | Miss | Falling3rd Consecutive Decrease | |
| Retail Sales YoY | -0.3 | 0.6 | 0.9 | Miss | Falling3rd Consecutive Decrease | |
| 81.2 | 77.7 | 79 | Beat | Rising2nd Consecutive Increase | ||
| -3.9 | -2.6 | -3 | Miss | Falling3rd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Balance of Trade | -7.69 | -8.24 | -6.3 | Miss | Rising2nd Consecutive Increase | |
| Trade Balance | -6 | -4.01 | — | Falling3rd Consecutive Decrease | ||
| 2.41 | 1.84 | 3.6 | Miss | Rising2nd Consecutive Increase |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| Manufacturing PMI | 49.5 | 50.2 | 50.1 | Miss | Falling2nd Consecutive Decrease | |
| Services PMI | 58.3 | 54.2 | 54.9 | Beat | Rising4th Consecutive Increase | |
| Composite PMI | 56.5 | 53.3 | 53.7 | Beat | Rising4th Consecutive Increase | |
| 1.1 | 3.1 | 2.5 | Miss | Falling2nd Consecutive Decrease | ||
| -16.4 | -0.1 | — | Falling3rd Consecutive Decrease |
| Economic Indicators | History | Actual | Previous | Forecast | Surprise | Trend |
|---|---|---|---|---|---|---|
| New Car Sales MoM | -32.8 | -20.6 | — | Rising3rd Consecutive Increase | ||
| New Car Sales YoY | 11.8 | 3.7 | 2.5 | Beat | Rising2nd Consecutive Increase | |
| 2.832 | 2.663 | — | Falling3rd Consecutive Decrease | |||
| 2.623 | 2.496 | — | Rising3rd Consecutive Increase | |||
| 4.6 | 2.9 | 4 | Beat | Rising2nd Consecutive Increase |
| 4.5 | 3.9 | 4.6 | Miss | Rising4th Consecutive Increase | ||
| HICP MoM | 0.6 | 0 | 0.8 | Miss | Rising3rd Consecutive Increase | |
| 48.47 | 50.64 | — | Rising3rd Consecutive Increase |
| 3-Month Letras Auction | 2.387 | 2.366 | — | Rising5th Consecutive Increase |
| 9-Month Letras Auction | 2.605 | 2.623 | — | Rising4th Consecutive Increase |
| 10-Year Obligacion Auction | 3.542 | 3.395 | — | Rising2nd Consecutive Increase |
| 7-Year Obligacion Auction | 3.188 | 3.297 | — | Rising3rd Consecutive Increase |
| 5-Year Bonos Auction | 3.005 | 2.835 | — | Falling3rd Consecutive Decrease |
| 30-Year Obligacion Auction | 4.286 | 4.038 | — | Rising2nd Consecutive Increase |
| 3-Year Bonos Auction | 2.867 | 2.772 | — | Rising3rd Consecutive Increase |
| 15-Year Obligacion Auction | 3.813 | 3.845 | — | Falling2nd Consecutive Decrease |
| New Car Registrations MoM | 32.8 | -29 | — | Rising3rd Consecutive Increase |
| New Car Registrations YoY | 7.5 | 1.1 | — | Rising3rd Consecutive Increase |
| 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 |
| 10-Year Index-Linked Obligacion Auction | 1.212 | 1.042 | — | 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 |
