The Harmonized Business Confidence Index (ICEA) reached 132.7 points in the fourth quarter of 2026, representing a 2.3% increase compared to the previous quarter (129.7 points).
Expectations for the end of 2026 are positive: 23.2% of Canary Islands business managers anticipate favorable business performance, while 14.0% expect an unfavorable scenario. The balance of expectations stands at 9.2 points, an improvement from the 7.2 points in the previous quarter.
Regarding the current situation in the third quarter of 2026, 26.0% of managers rated their business performance as favorable, while 16.9% held the opposite view. This results in a balance of situation of 9.1 points, a significant improvement from the 1.8 points of the previous quarter.
By island, business confidence saw a notable increase in Lanzarote (+8.1%) and La Gomera (+4.1%) compared to the third quarter. It also grew in Fuerteventura (+3.3%), Tenerife (+2.2%), and Gran Canaria (+1.0%). Conversely, declines were recorded in El Hierro (-2.1%) and La Palma (-2.0%).
By sector, transport and hospitality led the confidence growth with 8.3%, followed by commerce (+2.2%) and other services (+1.6%). Industry (-1.8%) and construction (-1.1%) experienced a decrease.
