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The regional dimension of the Banco de España Business Activity Survey

Author

Listed:
  • Alejandro Fernández Cerezo

    (Banco de España)

  • Mario Izquierdo

    (Banco de España)

Abstract

Rationale The Banco de España Business Activity Survey (EBAE) may be a useful source of information for monitoring regional economic developments. This article aims to analyse the regional dimension of the EBAE results. Takeaways •Harnessing the regional dimension of the EBAE seems appropriate, as the regional distribution of firms in the sample is similar to that of the universe of firms and, moreover, some of the survey results are strongly correlated with other indicators available at regional level. •Based on the EBAE results, over the last four quarters (2022 Q3 to 2023 Q2) turnover proved more buoyant in the Canary Islands and the Madrid region, whereas in the South, Centre, North-West and Catalonia it was more sluggish. •Overall, the regions where turnover performed more positively over the last 12 months are those which in mid-2022 lagged farther behind in recovering their pre-pandemic GDP level and those facing more favourable demand conditions.

Suggested Citation

  • Alejandro Fernández Cerezo & Mario Izquierdo, 2023. "The regional dimension of the Banco de España Business Activity Survey," Economic Bulletin, Banco de España, issue 2023/Q3.
    • Handle: RePEc:bde:journl:y:2023:i:03:n:09
    DOI: https://doi.org/10.53479/33473
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    More about this item

    Keywords

    Economic outlook; turnover; prices; regions;
    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
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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