This Friday, March 24, The National Institute of Statistics publishes the National Accounts for the fourth quarter of 2022, that is, it explains in detail the evolution of the economy at the end of last year. According to the data advanced to the end of January, the GDP registered a variation of 0.2% in the last quarter of last year compared to the previous quarter. For its part, the interannual variation of GDP stood at 2.7%, compared to 4.8% in the previous quarter and, in the year as a whole, the increase was 5.5%.

Economy

• The president of the Independent Authority for Fiscal Responsibility (AIReF)Cristina Herrero, presents an analysis on the sustainability of public accounts taking into account the impact of demographic change on budget items such as pensions, health, dependency and education (at 10:30)
• The INE publishes at 9:00 the National Accounts for the fourth quarter and the index of Industrial Prices February. In January, the annual rate fell more than six points, to 8.2%.
• In Europethe focus is on the indices advanced PMI’s Eurozone March. After some positive records in February, it is expected that the PMI services, although it remains in expansion territory, will fall from 52.7 points to 51 points. In turn, the manufacturing PMI, in a context of moderate energy prices and normalization of the value chain, may improve 0.8 points to 49.3 points. Thus, the forecast points to the euro area’s composite PMI continuing to grow (50.6 points).
• In contrast to developments in Europe, in USA The composite PMI is expected to drop to contraction territory, largely due to the expected drop in the services indicator. In the US, durable goods orders are also announced.
• In addition to the PMI’s, in Japan the CPI for February is presented and in United Kingdom retail sales for that month are also disclosed.
• Second day of the meeting of the heads of state and government of the European Union which is being held in Brussels, and in which the leaders will take the opportunity to address the need to finalize the Banking Union and the capital markets union.
• credit rating agency S&P check the rating of Germany.
• Start the XXVIII Ibero-American Summit which will bring together a total of 22 countries this Friday and Saturday in Santo Domingo with an agenda ranging from the fight against climate change to migration, the economy and regional integration.

markets

• The Ibex is playing this Friday to endorse a week in green despite the fact that it has been negative for two sessions (Wednesday and Thursday) and, above all, to defend the psychological barrier of 9,000 points. The selective began on Monday with just over 8,700 points and chained increases of 1.31% and 2.45% to then drop 0.44% in each of the two remaining days.

And something to keep in mind: 19,000 workers. Or 2.5% of its workforce. This is what the multinational Accenture intends to cut jobs and thus joins the wave of layoffs fueled by other sectors such as technology or the automotive industry.

News that will still talk

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