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Harmonised Business Confidence Index (HBCI). By activity sectors

Harmonised Business Confidence Index (HBCI). By activity sectors Catalonia. 2nd quarter 2025
Index Quarterly variation % Year-over-year variation %
Total 136.7 0.1 -0.5
Industry 127.9 0.1 -0.7
Construction 155.8 -0.8 1.6
Trade 142.2 0.0 0.2
Accommodation and food service activities and transport 155.1 0.6 -3.4
Other services 131.6 0.2 -0.4
Units: Base 2013 I quarter = 100.
Source: Idescat and INE.
Harmonised Business Confidence Index (HBCI). By activity sectors Spain. 2nd quarter 2025
Index Quarterly variation % Year-over-year variation %
Total 137.1 0.1 0.8
Industry 128.1 0.5 0.2
Construction 153.0 0.6 3.0
Trade 141.9 0.5 2.1
Accommodation and food service activities and transport 142.5 1.6 -0.5
Other services 132.6 -1.1 0.2
Units: Base 2013 I quarter = 100.
Source: INE.

Last update: April 14, 2025. Next update: July 14, 2025 Calendari

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.

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