By Euro Weekly News Media • 11 August 2011 • 11:51
ALMOST half (41 per cent ) of the Andalucia business community thinks trade is worse than this time last year. And only 6 per cent think business will improve in the next three months.
This was revealed in a newly released study by the regional statistics institute comparing opinions of businessmen and women in Andalucia for the second quarter of 2011 to the same period of 2010.
With a stagnant economy, and with more than 900,000 still jobless in the region over half – 53 per cent – say business is at similar levels to last year.
With the construction being forced to wait for demand for properties in Andalucia to outstrip supply, the short term outlook for builders is a dim one, according to the study.
The construction sector in the region remains the most pessimistic with only half a per cent thinking business will improve in the short term, and almost three quarters saying they expect it to get worse.
While one in 10 business leaders in the industrial sector expects business to improve in the next three months, only 5 per cent in the service industry are optimistic.
Comparing the results of the study carried out for the first quarter of 2011 against the second, the mood amongst business leaders has remained practically unchanged.
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