The Banco de España Business Activity Survey: 2025 Q2
Rationale The Banco de España Business Activity Survey (EBAE) provides highly valuable, real-time information on a broad sample of Spanish firms’ turnover, employment, costs and prices. This helps to diagnose current economic developments. This edition included a specific module on the potential imp...
| Autores: | , |
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| Tipo de documento: | artigo |
| Data de publicação: | 2025 |
| País: | España |
| Recursos: | Banco de España |
| Repositório: | Repositorio Institucional del Banco de España |
| OAI Identifier: | oai:repositorio.bde.es:123456789/40126 |
| Acesso em linha: | https://repositorio.bde.es/handle/123456789/40126 |
| Access Level: | Acceso aberto |
| Palavra-chave: | Empleo Precios Empresas Producción y mercado E32 L25 E66 Economic outlook Turnover Employment Prices |
| Resumo: | Rationale The Banco de España Business Activity Survey (EBAE) provides highly valuable, real-time information on a broad sample of Spanish firms’ turnover, employment, costs and prices. This helps to diagnose current economic developments. This edition included a specific module on the potential impact of US tariff policy on Spanish firms and the strategies they plan to implement in response. Takeaways •Firms reported a slight decline in turnover in Q2 (in seasonally adjusted terms), against the backdrop of high uncertainty. •Nearly 30% of Spanish firms reported being adversely affected by the tariff war, although these effects were mainly through indirect channels associated with heightened uncertainty and lower global economic activity. •More than 45% of the affected firms reported that they planned to pass through the increase in costs arising from the new tariffs to their selling prices. Meanwhile, 34% plan to diversify their supply chain by seeking suppliers in other countries and 28% intend to open new markets abroad. |
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