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Business Confidence Indicators. Q2/2020

The Harmonized Business Confidence Index (ICEH) for Catalonia decreased by 0.2% in the second quarter of 2020 with respect to the previous quarter.

All the activity sectors displayed sharp drops in business confidence, headed by construction on the one hand and hostelry and transport on the other, with a reduction in confidence of 37.1% in both cases. Industry was the sector with the lowest decrease (−25.6%).

The entry into force of Royal Decree 463/2020, of 14 March, whereby a state of alarm is declared for the management of the health crisis situation caused by COVID-19, and the subsequent amendments which have restricted non-essential activities, may hamper the comparison of data from the second quarter of 2020 with the rest of the periods.