- 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%.
According to the criteria of The Trust ProjectKnow more
Employment The increase in SMI and social contributions cause the highest rise in labor costs in a decade
Housing Is the brick braking the same in all autonomous communities? Only Galicia is saved from double digit falls
Audiences Telecinco expands its leadership in September with lower TV consumption in the last 13 years