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Banco de España Business Activity Survey: 2024 Q3

Author

Listed:
  • Alejandro Fernández Cerezo

    (Banco de España)

  • Mario Izquierdo

    (Banco de España)

Abstract

Rationale The Banco de España Business Activity Survey (EBAE) provides highly valuable, real-time information on the turnover, employment and costs and prices of a broad sample of Spanish firms. This information is particularly helpful for diagnosing current economic developments. Takeaways • Firms have perceived a decline in their turnover in 2024 Q3, albeit of a smaller magnitude than those recorded in the third quarter of the previous two years. • Inflationary pressures have continued to ease in Q3, in terms of the cost of inputs and selling prices and labour costs. • The negative impact of economic policy uncertainty, labour shortages and rising energy costs remains high, although the proportion of firms affected by factors related to access to financing and growing interest expense has declined.

Suggested Citation

  • Alejandro Fernández Cerezo & Mario Izquierdo, 2024. "Banco de España Business Activity Survey: 2024 Q3," Economic Bulletin, Banco de España, issue 2024/Q3.
    • Handle: RePEc:bde:journl:y:2024:i:03:n:10
    DOI: https://doi.org/10.53479/37658
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    More about this item

    Keywords

    Economic outlook; turnover; employment; prices;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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