The Harmonised Business Confidence Index increases by 1.5% in the second quarter of 2024 as compared with the first quarter.
Quartely rate
The five sector analysed increase confiance with respect to the previous quarter. Transport and Accomodation (4.1%) registeres the greatest increases. On the other hand, Trade and Construction (0.1%) registere the only decreases.
Four of the the five sizes of establishments analysed present an increase in confidence, as compared with the previous quarter. Less than 10 employees (2.5%) showes the largest increases. On the other hand, 1,0000 or more employees (-2.5%) show the only decrease.
23.1% of business establishments managers consideres that the performance of their business during the second quarter of 2024 would be favourable, while 13.8% thought it would be unfavoruable.
13.1% of business establishments managers considers that employment, referring to personnel hired in their business, will increase in the second quarter of 2024, while 7.8% believe that it will decrease.
14.5% of business establishments managers foresee that the price level of their business will increase in the second quarter of 2024, while 4.7% estimate that it will decrease.
20.1% of business establishments managers expresses a favourable opinión regarding the performance of their business in the first quarter 2024. In turn, 17.1% has an unfavourable opinion.
Business confidence increased in the second quarter of 2024 as compared with previous quarter in 14 autonomous communities and decreased in the other three.
The largest increases are recorded in La Rioja (4.4%), Illes Balears (4.3%) y Cantabria (3.7%). The only decreases are recorded in Galicia (-0.9%), Comunidad de Madrid (-0.7%) and Comunidad Foral de Navarra (-0.1%).
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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