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Business Confidence Indicators (BCI). First Quarter 2026 21 January 2026

The Business Confidence Index increases by 0.1% in the first quarter of 2026 as compared with the fourth quarter of 2025. 19.7% of business establishments managers considered that the performance of their business during the first quarter of 2026 would be favourable, while 15.2% thought it would be unfavourable.

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Business Confidence Indicators - Quarter 1/2026
Indicator Note Value Quarterly variation
Harmonised Business Confidence Index. 137.0 0.1
Latest data
Quarter 1/2026 Published: 21/01/2026
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The Business confidence indicators have been elaborated on a quarterly basis since 2012 with the aim to know, at a given time, the perception of establishment¿s administrators about their business situation and expectations. The survey collects opinions from establishment managers regarding the performance of their business in the last quarter and regarding their expectations for the next quarter.