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Harmonised Business Confidence Index (HBCI). By activity sectors

Harmonised Business Confidence Index (HBCI). By activity sectors Catalonia. 1st quarter 2014
Index Quarterly variation % Year-over-year variation %
Total 118.6 2.7 18.6
Industry 115.7 2.9 15.7
Construction 118.9 10.4 18.9
Trade 127.6 3.6 27.6
Accommodation and food service activities and transport 130.6 -4.7 30.6
Other services 113.6 3.3 13.6
Units: Base 2013 I quarter = 100.
Source: Idescat and INE.
Harmonised Business Confidence Index (HBCI). By activity sectors Spain. 1st quarter 2014
Index Quarterly variation % Year-over-year variation %
Total 113.9 0.8 13.9
Industry 112.5 1.4 12.5
Construction 112.2 2.8 12.2
Trade 118.9 1.5 18.9
Accommodation and food service activities and transport 116.5 -2.3 16.5
Other services 111.6 0.6 11.6
Units: Base 2013 I quarter = 100.
Source: INE.

Last update: January 13, 2014.

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.