- Housing.The real estate slowdown is accentuated: the sale of housing collapses by 21%
- "End of cycle" .Funcas lowers its growth forecast to 1.9% for 2019
The Business Confidence Index prepared by the National Institute of Statistics (INE) is eloquent: in the fourth quarter of the year, the data plummeted by 2.9%, which is the biggest drop since the agency produces this indicator .
The Statistics data, therefore, shows that businessmen are concerned about the economic environment and the slowdown that is coming. And as a result, "16.7% of business establishments provide for a favorable quarter" while " 19.4% are pessimistic about the progress of their business ." The fall in business confidence, in addition, contrasts with the 1.6% rebound that this same data experienced in the third quarter.
The work of the INE also shows that the most concerned entrepreneurs are those who run smaller companies . These types of companies are usually the most vulnerable to an economic crisis since they have a more limited margin of reaction to economically adverse situations. Thus, trust in companies with less than 10 employees and with between 10 and 49 suffered a drop of more than 3%. On the other hand, in large companies with more than 1,000 employees, the decline remains at 1%.
By sectors, the construction sector is the one that suffers the most, with a collapse of more than 3% , a fact that is also known just one day after the INE itself found that the sale of housing stopped 21% in August. On the other hand, the loss of confidence in industry or transport and hospitality registered a fall of 2.9%, while in commerce the data is 1.6%.
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