Encuesta de Opinión Empresarial. Resultados octubre de 2023

Abstract

In October 2023, the Retail Confidence Index (RCI) reached 14.7%, signifying a decrease of 0.4 percentage points compared to the previous month (RCI September 2023: 15.1%). The decline in retail confidence can be attributed to a 6.1 pp decrease in expectations for the economic situation in the next six months. Additionally, the stock level experienced a decrease of 2.7 pp, while the current economic situation of the company saw an increase of 2.3 pp. Meanwhile, the Industrial Confidence Index (ICI) recorded -3.7% for October 2023, marking a decline of 4.5 pp compared to the preceding month (ICI September 2023: 0.8%). The negative monthly variation in industrial confidence in September is explained by a 16.5 pp decrease in production expectations for the next quarter. Furthermore, the stock level witnessed an increase of 1.6 pp, and the current volume of orders experienced a rise of 4.6 pp compared to the previous month. In the third quarter of 2023, there was a negative quarterly variation in the value exported in dollars (-29.4%), the profitability of export activities (-28.7%), the three-month expectation of the value exported in dollars (-25.6%), and export orders (-19.0%).