This is how Asturian businessmen see the current economic situation

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This is how Asturian businessmen see the current economic situation

The president of Fade, Maria Calvo, warned him this Saturday in La Lupa that the economic data “are not good” and that businessmen demand “neither subsidies nor subsidies, but the rules of the game allow us to compete. as well”. The vision that corroborates the analysis carried out by the community’s business leadership in recent months, and which is now reflected in the report ‘Perspectives for Asturias 2023’, was carried out by the KPMG consultancy in collaboration with CEOE. There are shadows, but also lights. In fact, 58% of consultants state that the situation of the Asturian economy is “bad or very bad” and up to 38% predict that it will get worse this year. However, the pessimistic view is getting better when it comes to themselves, and two out of three managers (64%) describe the situation of their company as “good or excellent” and 42% even say that it will get better.

But let’s go to the beginning. The KPMG survey between December 2022 and February 2023. In other words, the figures were already known, so that the CPI closed last year with a rise of 5.8%, after the decline that began after the peak. of 11.1% registered in July 2022. Likewise, the unemployment rate in which the Principality closed last year was 14.39% compared to the national average of 12.87%, it was the region that saw the rise in the total break in Spain closing with 61,400 unemployed. -, according to data from the Active Population Survey, and those numbers are mainly due to a large increase in the youth unemployment rate. It must be said, however, that the region was in February after Aragon, where the people fell without labor more, 63, 329 at the end of that month.

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Thus, the consultation was carried out for the vision that the district’s business community had in this year’s elections. 60 senior executive replied. In fact, 36% of those who gave their answers have more than 200 million in cash per year and 34% have more than 1,000 employees. By sector, 42% falls in the traditional environment of the Principality, industry, 10% in energy, 8% in the chemical sector and 6% in infrastructure.

With this panorama on the table, 56% of companies in the Principality face inflation as a major threat to the national economy in the next twelve months, indeed only two percentages are ahead of the political uncertainty that excites the election designs. this 2013

A risk in business maps is the volatility of raw material prices or energy costs

But returning to that vision of the impact of inflation on the business, up to 74% of managers admitted that they were “high or very high” in the profit margins of their organization, which forced 60% to restructure their cost-effectiveness policies. costs are increasing and may make another 22% plan in the next twelve months according to a KPMG report.

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In addition, in the risk management of Asturian companies for their business, the volatility of the prices of raw materials, the cost of energy, as well as regulatory risks lead to concerns.

good March

Regardless, and despite the uncertain situation, two-thirds of businesses (66%) expect to increase sales during the year and most (56%) expect to increase investment (six percentage points above the national figure). Prudence prevails when it comes to talking about employment, with only 24% expressing their intention to increase their workforce, although 48% say they will keep it.

On the operational side, the report indicates that Asturian managers up to 34% plan to acquire in the coming months, 30% will close some type of company and 18% some merger. In addition, they also determine that up to 24% is taken away from non-core businesses.

And how can the demands of the regional business community be narrowed down to the central and Asturian governments? In the first case, together with this fight against inflation, 66% should think that, in the first case, the focus should be “the confirmation of legal certainty” – the answers were before the “Ferrovial case”, and a similar percentage of statements. as well as tax incentives for investment and for the simplification and coordination of state, regional and local taxation. At the regional level and the urgent recommendation again by the Fade on the need to increase the companies, businessmen say that the biggest obstacle to obtaining the amount in the administrative and regulatory obstacles, in addition to tax burdens and rigor. labor market

The lack of doctors, the risk of growing

The problem is that the months are more and more urgent. For various reasons, the major specialization of the manufacturing sector and the appearance of new technologies and emerging sectors, together with the global competition to attract talent and, of course, demographic stagnation. and contemplation considering it. Principal managers point out that the process of digital transformation in which they are immersed (90% revised their decision) will require new skills and capabilities, therefore 42% attracting and retaining talent is one of the big challenges in the next three years (34% put it in their strategic priorities for this 2023 ). They say this after more than half of their respondents acknowledged that they face serious problems in recruiting professionals and 60% that this lack introduces a significant risk of business growth. Of course, Asturian businessmen talk about training as the area of ​​the value proposition for employees in which they focus more, but still only four out of ten come up with training and checking programs. for the labor force. One last note, the hybrid work model will be more common than face-to-face. Teleworking doesn’t work.

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