Ultima Markets[Market Hotspot] Strong Economy, Spanish Stock Index Near7Annual high

Investors are waiting for inflation data from major countries in Europe and the United States to be released later this week, while SpainIBEX 35The index slightly rose on Tuesday0.36% reach10,991.50 Point, maintained for the third consecutive trading day at 10,900Above the gate.

Domestic data shows that Western countries 2023 Annual Gross Domestic Product(GDP) grow up 2.5%More than the previous year 5% The growth rate has slowed down but exceeded analyst expectations.

(IBEX35Index monthly chart)

The Spanish economy ranked first last year4Quarterly increase 0.6%Compared to before3Months of 0.4% Accelerated. Even in the face of sustained high inflation and borrowing environment, strong domestic demand can still ignite growth momentum. Household consumption expenditure slightly increased in the fourth quarter0.2%Compared to the third season 1.2% The growth rate has slowed down; Government expenditure growth1.0%Compared to the previous season 1.6% The growth rate has also declined.

On the other hand, due to the downward revision of fixed asset expenditures such as construction projects, machinery and equipment, capital and finance, weapon systems, and biological breeding resources, fixed investment has significantly decreased1.6%, the largest decline in a year. The expenditure on intellectual property products has also declined. However, trade surplus has had a favorable impact on GDP. The manufacturing industry has grown after two consecutive quarters of weak output2.3% Leading all industries.

SpainGDPQuarterly growth rate%(National Bureau of Statistics)

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