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.
2023Q1
Consumption and investment in the Community of
Index IV-2019=100
•
Internal demand +2.5% 23Q1 vs +3.7% 22Q4
External demand +1.6% 23Q1 vs +1.6% 22Q4
120,0
110,0
Investment +4.0% 23Q1, with both
components gaining momentum:
100,0
>> Inv. Housing +4.7%, albeit 18.3 points
below 19Q4.
90,0
>> Rest of investment +3.7%, 6.7 points
above 19Q4.
80,0
• Final consumption expenditure +2.2% 23Q1:
» household consumption +2.2% 23Q1, 2.9
points below 19Q4.
70,0
60,0
>> Public Admin consumption +2.3%, 10.9
points above 19Q4.
50,0
IV-19 I-20 11-20 III-20 IV-20 1-21 ||-21 |||-21 IV-21 1-22 11-22 11-22 IV-22 1-23
Drafted based on data from IECM
Data adjusted for seasonality and calendar
Consumption households
Consumption Public administrations
Inv. housing
Other inv.
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