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Business Climate Survey. Q1/2020

The business situation of companies in Catalonia in the first quarter of 2020 showed a balance of –34.3 points, according to the Business Climate Survey. 44.3% of the managers of business establishments have an unfavourable opinion of the situation of their business in the first quarter, while 10.0% take a favourable view and 45.7% reported that it has remained stable.

By activity sectors, all sectors showed negative balances in terms of business situation, led by hostelry and construction, with –60.7 and –37.4 points, respectively

Meanwhile, business situation expectations for the second quarter of 2020 showed a balance of –75.3 points. Only 1.8% of managers viewed the situation of their business positively, whereas 77.0% felt that it was unfavourable.

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 business climate indicators of the reference period with the rest of the periods.