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Harmonised Business Confidence Index (HBCI)

Harmonised Business Confidence Index (HBCI) Catalonia. 4th quarter 2020
Index Quarterly variation % Year-over-year variation %
Total 106.9 12.6 -20.4
By activity sectors
Industry 102.6 15.2 -16.0
Construction 123.2 15.0 -19.4
Trade 116.3 8.3 -17.3
Hostelry and transport 97.6 10.3 -36.2
Rest of services 104.7 13.5 -20.0
By size of the business
Less than 10 wage-earners 108.1 11.2 -21.4
From 10 to 49 wage-earners 111.1 14.6 -20.9
From 50 to 199 wage-earners 105.9 8.9 -20.2
From 200 to 999 wage-earners 98.9 12.5 -20.5
1000 or more wage-earners 108.7 23.9 -14.9
By chamber
Chamber of Barcelona 101.5 11.5 -23.4
Rest of chambers of Barcelona 104.6 13.4 -19.3
Chambers of Girona 109.1 13.1 -20.7
Chambers of Lleida 127.5 11.6 -14.9
Chambers of Tarragona 111.1 14.7 -17.8
Units: Base 2013 I quarter = 100.
Source: Idescat and INE.
Harmonised Business Confidence Index (HBCI) Spain. 4th quarter 2020
Index Quarterly variation % Year-over-year variation %
Total 105.5 10.5 -19.5
By activity sectors
Industry 102.8 12.6 -16.8
Construction 120.0 14.0 -15.7
Trade 111.8 6.6 -16.8
Hostelry and transport 94.5 8.4 -32.1
Rest of services 102.8 11.3 -19.3
By size of the business
Less than 10 wage-earners 107.1 9.0 -20.3
From 10 to 49 wage-earners 107.7 10.5 -19.9
From 50 to 199 wage-earners 102.1 9.5 -19.9
From 200 to 999 wage-earners 100.6 13.7 -17.3
1000 or more wage-earners 97.7 15.5 -17.1
Units: Base 2013 I quarter = 100.
Source: INE.

Methodological note

Business confidence indicators (BCI) are based on biased or qualitative circumstantialeconomic surveys on establishments. This type of survey at any given time captures the opinion held by entrepreneurson the current and future situation of the activity of their business.

The Harmonised Business Confidence Indesx (HBCI) is constructed on the basis of Business confidence (BC). The variable used in calculating the harmonized business confidence index (HBCI) is the evolution of the business of the establishment during the preceding quarter (status indicator) and for the following quarter (expectation indicator).

Said methodology is expanded in Business Confidence Indicators.