Business Climate Survey. Q3/2025

The business situation of companies in Catalonia in the third quarter of 2025 registered a balance of 7.1 points. A total of 18.8% of the managers had a favourable opinion of their business situation in the third quarter, while a total of 11.7% had an unfavourable opinion. The remaining 69.5% considered that their business situation remained stable.

By activity sector, all of them had positive balances. The sectors of construction, accommodation and food service activities and other services stood out with balances of 14.6, 10.6 and 8.0 points, respectively.

Moreover, expectations regarding the business situation for the fourth quarter of 2025 registered a balance of 8.6 points. A total of 19.3% of managers believe that their business situation will be favourable, while 10.7% believe that it will be unfavourable. The remaining 70.0% believe that it will remain stable.