The Banco de España Business Activity Survey: 2023 Q4

Rationale The Banco de España Business Activity Survey (EBAE) provides real-time information on a broad sample of Spanish firms’ turnover, employment and costs and prices. This is particularly helpful for diagnosing current economic developments. Takeaways •Firms reported no change in their turnover...

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Detalles Bibliográficos
Autores: Fernández-Cerezo, Alejandro, Izquierdo, Mario
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/35654
Acceso en línea:https://repositorio.bde.es/handle/123456789/35654
Access Level:acceso abierto
Palabra clave:Economic outlook
Turnover
Employment
Prices
Producción y mercado
Estructura y funcionamiento de la empresa
Fluctuaciones y ciclos económicos
E32
L25
E66
Descripción
Sumario:Rationale The Banco de España Business Activity Survey (EBAE) provides real-time information on a broad sample of Spanish firms’ turnover, employment and costs and prices. This is particularly helpful for diagnosing current economic developments. Takeaways •Firms reported no change in their turnover in 2023 Q4, after it decreased in Q3, and perceived a fall in employment. •Inflationary pressures on production costs and selling prices are reported to have softened somewhat, but expectations suggest that they will increase slightly next year. •Business activity has been affected by growing economic policy uncertainty, labour shortages and an increase in factors related to the tightening of financing conditions (difficulties in accessing finance and higher financial costs).