Investor Presentaiton
A less favourable global macro backdrop will slowdown growth of regional
demand in 2023
✓ Year 2022
•
Consumption continued to recover, although at a more moderate rate of 3.9%, with greater momentum in household consumption (5.2%)
than in general Public Administration consumption (0.8%).
• New investment boost, with an increase of 6.6%; reactivated investment in housing (4.2%) and a robust pace in the rest (7.7%).
.
•
Increase in contribution of external demand to 1.7 points.
Consumption and Investment in the Community of
Madrid
Index VI 2019=100
2023Q3
Internal demand +1.7% 23Q3 vs +3.7% 22Q4
External demand +8.1% 23Q3 vs +1.6% 22Q4
Investment +2.1% 23Q3, with both
components gaining momentum:
>> Housing Inv. +9.4%, albeit 10.9 points
below 19Q4.
>> Rest of investment -1.3%, 4,5 points above
19Q4.
• Final consumption expenditure +1.6% 23Q3:
» household consumption +1.3% 23Q3, 2.2
points below 19Q4.
>> Public Admin consumption +2.3%, 11.0
points above 19Q4.
115,0
110,0
105,0
100,0
95,0
90,0
85,0
80,0
75,0
70,0
65,0
IV-19
1-20
11-20
III-20
IV-20
1-21
Consumption households
Inv. Housing
PIB
Drafted based on data from IECM. GVA sesonally adjusted and calendar
11-21
III-21
IV-21
1-22
11-22
III-22
Consumption Public Admin
Other Inv.
IV-22
1-23
11-23
III-20
12View entire presentation