The Business Confidence increases by 0.6% in the first quarter of 2024 as compared with the fourth quarter of 2023.
First Quarter 2024. Quartely rate
Four of the five sector analysed increase confidence with respect to the previous quarter. Construction (2.1%) registeres the greatest increase. On the other hand, Transport and Accomodation (-1.0%) registeres the lowest decrease.
The five sizes of establishments analysed presente an increase in confidence, as compared with the previous quarter. From 200 to 999 employees (1.6%) showes the largest increase and Less than 10 employees the largest decrease (0.1%).
18.6% of business establishments managers consideres that the performance of their
business during the first quarter of 2024 would be favourable, while 20.2% think that it would
be unfavourable.
8.9% of business establishments managers considers that employment, referring to personnel hired in their business, will increase in the first quarter of 2024, while 12.4% believe that it will decrease.
26.3% of business establishments managers foresees that the price level of their business will increase in the first quarter of 2024, while 6.4% estimates that it will decrease.
24.6% of business establishments managers expresses a favourable opinion regarding the performance of their business in the fourth quarter 2023. In turn, 16.5% has an unfavourable opinion.
Business confidence increases in the first quarter of 2024 as compared with previous quarter in 13 autonomous communities and decreases in the other four.
The largest increases are recorded in Aragón (4.1%), Región de Murcia (2.4%) and Comunitat Valenciana (2.2%). The largest decreases are recorded in Cantabria (-3.4%), Illes Balears (-3.3%) and La Rioja (-3.2%).
First Quarter 2024. Quartely Rate
The data published today is final and is not subject to further revision. All the results are available on INEBase.
The objective of this survey is to find out, at a given time, the vision that establishment managers have about their situation.
The BCI survey collects opinions from establishment managers regarding the performance of their business for each last quarter and on their expectations for each coming quarter.
The methodology is based on the Japanese TANKAN index, that is, there is no weighting or elevation depending on the characteristics of the establishment since the opinion of each informant counts equally
The survey methodology enables the integration of analogous data compiled by the statistics services of the Autonomous Communities, once their consistency is checked so they can be incorporated into the general process of the survey. There are currently agreements signed to this effect with Andalucia, Illes Balears, Canarias, Castilla y León, Cataluña, la Rioja, Extremadura and Comunitat Valenciana.
Further information is available in the methodology and the standarized methodological report.
INE's statistics are produced according to the European Statistics Code of Practice. For further information at Quality at INE and Code of Practice.
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