Encuesta de Opinión Empresarial. Resultados julio de 2023 

Abstract

In July 2023, the Retail Confidence Index (RCI) stood at 21.7%, representing an increase of 3.9 percentage points compared to the previous month (RCI June 2023: 17.8%). The rise in retail confidence was driven by a positive perception of the economy for the upcoming semester, which increased by 7.1 pps. Similarly, the decrease in stock levels by 4.4 pps had a positive impact. Furthermore, the favorable perception of the current business situation saw a 0.2 pps increase. On the other hand, the Industrial Confidence Index (ICI) reached -0.2% for the month of July 2023, a 2 pps increase compared to the previous month (ICI June 2023: -2.2%). The positive monthly variation in industrial confidence in July is explained by a 4.9 pps increase in production expectations for the next quarter. Additionally, the current volume of orders showed a 3.9 pps increase. Meanwhile, stock levels experienced a 2.7 pps increase compared to the previous month. In the second quarter of 2023, there was a positive quarterly variation in export orders (7.0 pps), exported value in dollars (2.8 pps), and 3-month expectations of exported value in dollars (2.7 pps). On the other hand, export activity profitability saw a negative quarterly variation of 5.3 pps.