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Harmonised Business Confidence Index (HBCI)

Harmonised Business Confidence Index (HBCI) Catalonia. Index
Total By activity sectors Industry Construction Trade Hostelry and transport Rest of services By size of the business Less than 10 wage-earners From 10 to 49 wage-earners From 50 to 199 wage-earners From 200 to 999 wage-earners 1000 or more wage-earners By chamber Chamber of Barcelona Rest of chambers of Barcelona Chambers of Girona Chambers of Lleida Chambers of Tarragona
Q4/2019 134.3 122.1 152.9 140.6 153.0 130.9 137.6 140.4 132.7 124.4 127.8 132.5 129.5 137.6 149.9 135.2
Q3/2019 138.3 127.4 154.9 144.5 158.3 134.2 140.8 144.4 140.5 127.5 124.7 136.0 131.0 144.2 154.4 141.1
Q2/2019 137.1 127.3 156.0 142.1 153.0 133.4 140.9 143.2 136.6 125.1 130.1 135.9 130.1 142.1 150.0 139.6
Q1/2019 137.4 123.9 158.7 147.2 152.6 133.5 140.7 145.3 138.2 122.5 128.1 136.7 129.4 140.6 150.0 142.6
Q4/2018 137.7 128.3 156.1 145.4 150.0 133.6 141.2 143.8 135.8 125.5 137.6 136.2 130.8 143.7 151.2 138.9
Q3/2018 140.5 132.5 158.7 148.1 155.3 135.1 144.2 146.3 141.4 128.6 131.3 138.8 132.9 147.3 154.6 142.1
Q2/2018 140.0 132.5 156.4 148.1 157.6 133.9 143.6 147.4 142.0 125.7 126.5 137.2 135.3 147.1 152.0 142.5
Q1/2018 137.4 132.0 149.6 145.1 148.7 132.4 136.4 145.7 140.8 126.5 127.4 135.4 130.7 144.0 151.4 140.6
Q4/2017 140.6 130.4 155.6 151.7 158.6 134.9 143.0 148.4 144.7 123.6 132.1 138.0 136.4 147.3 152.6 142.0
Q3/2017 143.8 134.4 157.8 153.0 167.9 137.2 146.1 150.7 145.6 132.4 131.8 141.5 136.6 150.0 163.8 144.6
Q2/2017 142.6 133.7 158.1 149.3 166.5 136.4 144.5 148.9 147.4 127.1 135.2 142.0 137.2 145.9 155.7 141.2
Q1/2017 138.9 132.1 154.5 149.3 152.2 132.6 140.0 144.8 139.5 130.4 132.1 138.5 135.5 139.7 150.6 136.8
Q4/2016 138.5 129.0 146.3 148.8 156.0 133.9 139.4 145.1 140.1 127.3 134.0 137.2 132.7 144.4 150.3 138.8
Q3/2016 139.1 131.9 147.1 148.0 159.7 133.2 140.6 145.8 141.1 129.9 124.3 136.9 135.0 144.6 149.7 140.9
Q2/2016 138.7 131.3 146.1 146.6 164.3 132.2 137.4 146.2 142.8 127.5 132.4 138.0 136.4 137.8 148.9 137.7
Q1/2016 134.8 127.7 147.3 144.9 148.3 129.2 136.8 143.9 131.0 125.9 127.6 133.7 135.5 131.4 145.0 131.1
Q4/2015 138.5 130.6 144.9 148.4 160.4 132.6 139.3 145.5 138.8 131.0 126.7 136.3 136.9 138.9 153.1 136.8
Q3/2015 138.0 130.4 147.9 147.6 159.3 131.6 137.9 146.1 138.6 130.1 125.8 135.4 135.3 141.1 153.0 136.3
Q2/2015 136.3 130.5 144.5 143.5 153.7 130.9 134.9 142.5 137.2 132.1 125.5 134.9 135.0 137.0 144.8 135.0
Q1/2015 129.2 124.2 139.2 138.4 136.6 124.6 127.4 135.1 130.7 123.9 122.9 128.2 127.0 127.8 139.3 129.3
Q4/2014 126.2 121.3 130.1 135.5 142.5 120.5 125.1 133.1 127.9 120.9 111.5 122.9 125.3 129.8 138.5 126.0
Q3/2014 129.1 122.3 127.5 138.2 155.2 123.2 125.7 135.7 133.6 123.2 120.5 128.4 124.8 129.1 141.1 129.5
Q2/2014 125.5 122.2 122.0 128.6 140.9 123.2 123.4 129.1 127.2 122.6 127.1 123.8 123.6 125.8 136.9 125.3
Q1/2014 118.6 115.7 118.9 127.6 130.6 113.6 115.2 123.1 122.4 114.2 116.3 118.2 116.0 114.0 128.7 121.8
Q4/2013 115.5 112.5 107.6 123.2 137.1 110.0 115.5 119.5 118.3 111.0 101.0 114.8 113.1 116.9 121.8 115.7
Q3/2013 112.6 112.7 108.6 111.4 140.4 107.3 111.3 116.6 115.8 109.6 98.3 109.8 110.0 115.0 125.7 116.5
Q2/2013 105.6 105.8 95.0 107.1 115.4 104.1 105.2 106.9 108.8 102.4 99.2 102.6 107.5 104.9 112.9 108.3
Q1/2013 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Q4/2012 105.4 97.9 102.1 108.6 122.4 104.2 .. .. .. .. .. .. .. .. .. ..
Q3/2012 106.8 100.9 108.9 109.0 120.2 105.0 .. .. .. .. .. .. .. .. .. ..
Q2/2012 107.8 102.8 102.3 107.8 115.3 108.9 .. .. .. .. .. .. .. .. .. ..
Units: Base 2013 I quarter = 100.
Source: Idescat and INE.
Note: The Business Confidence Index for each quarter of 2012 are not harmonized.
(..) Confidential data, low reliability or not available.
Harmonised Business Confidence Index (HBCI) Spain. Index
Total By activity sectors Industry Construction Trade Hostelry and transport Rest of services By size of the business Less than 10 wage-earners From 10 to 49 wage-earners From 50 to 199 wage-earners From 200 to 999 wage-earners 1000 or more wage-earners
Q4/2019 131.1 123.5 142.5 134.3 139.1 127.4 134.4 134.5 127.4 121.6 117.9
Q3/2019 135.0 127.2 147.8 136.5 143.3 131.7 138.5 139.2 131.1 125.1 119.1
Q2/2019 132.9 125.7 146.8 134.3 138.8 130.0 136.5 136.0 129.2 123.6 121.6
Q1/2019 132.5 126.2 146.4 134.8 134.9 129.8 134.2 136.9 130.1 123.6 121.5
Q4/2018 133.9 127.3 146.3 135.8 139.5 130.9 137.1 137.7 130.9 124.7 120.8
Q3/2018 136.2 130.6 147.8 138.0 143.4 132.4 139.4 140.1 133.7 127.1 121.4
Q2/2018 135.5 130.8 144.9 137.6 141.3 132.1 137.6 139.7 134.2 126.3 123.5
Q1/2018 134.9 129.4 145.8 138.0 139.7 131.1 135.6 139.9 133.0 127.3 125.8
Q4/2017 135.4 128.8 143.9 139.2 145.2 130.8 138.0 139.8 133.5 125.9 122.2
Q3/2017 136.9 130.6 144.4 140.9 148.2 132.1 141.0 140.2 134.2 127.0 123.0
Q2/2017 134.2 129.1 140.7 138.0 141.7 130.2 136.8 137.7 132.2 126.2 121.9
Q1/2017 131.8 128.2 136.6 137.0 136.7 127.7 132.2 136.9 130.2 125.0 122.4
Q4/2016 131.4 125.6 133.5 138.4 141.0 126.7 133.8 135.8 128.3 123.1 120.4
Q3/2016 131.2 126.8 132.2 137.2 140.8 126.5 132.6 135.9 128.9 124.0 121.2
Q2/2016 130.5 126.7 128.9 135.3 140.7 126.8 131.7 134.5 129.3 124.3 120.8
Q1/2016 129.7 126.3 132.2 135.5 133.7 126.3 129.6 135.7 128.2 124.2 119.6
Q4/2015 131.4 127.0 133.5 137.2 139.7 127.1 132.9 135.8 130.6 124.6 119.1
Q3/2015 131.2 127.9 134.3 135.2 139.2 126.9 133.0 135.3 130.4 123.6 119.7
Q2/2015 128.1 124.6 130.4 130.5 134.1 125.7 128.9 131.5 128.6 122.4 118.7
Q1/2015 123.2 121.4 124.3 127.1 127.0 120.3 122.8 126.6 124.4 118.5 117.0
Q4/2014 123.2 119.3 122.5 127.0 130.9 120.6 124.2 125.9 123.9 117.6 115.2
Q3/2014 123.0 120.6 122.3 127.9 130.9 119.0 123.9 125.6 125.1 116.8 115.7
Q2/2014 118.3 116.8 116.0 121.8 124.9 115.6 118.5 120.3 119.6 114.7 115.0
Q1/2014 113.9 112.5 112.2 118.9 116.5 111.6 112.4 115.8 115.0 114.2 109.9
Q4/2013 113.0 110.9 109.1 117.1 119.2 110.9 114.1 114.5 112.3 110.1 107.4
Q3/2013 109.3 109.4 105.9 111.1 115.6 107.0 110.5 110.0 109.2 107.1 101.8
Q2/2013 103.6 102.7 102.0 103.3 106.7 103.5 104.6 103.7 103.0 101.7 101.3
Q1/2013 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Q4/2012 104.1 .. .. .. .. .. .. .. .. .. ..
Q3/2012 105.5 .. .. .. .. .. .. .. .. .. ..
Q2/2012 106.9 .. .. .. .. .. .. .. .. .. ..
Units: Base 2013 I quarter = 100.
Source: INE.
(..) Confidential data, low reliability or not available.

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.