The business margin observatory will start in June with data from the first quarter

The business margin observatory will start in June with data from the first quarter of the year.

Oliver Thansan
Oliver Thansan
22 May 2023 Monday 11:35
0 Reads
The business margin observatory will start in June with data from the first quarter

The business margin observatory will start in June with data from the first quarter of the year. It was known that its entry into operation would be "at the latest" before the summer, but this morning the Secretary of State for the Economy, Gonzalo García Andrés, specified the date: next month.

An observatory that will provide aggregated data by sector, without going company by company. The truth is that the coverage of the information will vary according to the sectors, because of some there is a great deal of data, and on the other hand, in others, where SMEs and the self-employed predominate, they are much scarcer.

"They are going to be aggregated data and by sectors that are going to be based on statistical data, in particular from the Tax Agency, the Bank of Spain and the national accounting", affirmed García Andrés. He has also described the observatory as "an improvement of transparency and the dissemination of data, so that this debate occurs in an informed manner, taking the sources that we have in the INE, the national accounting, the central balance sheet of the Bank of Spain, and above all, the sales data, employment and salaries of the Tax Agency, which are important and are by sector”.

The debate in question is business margins, and yesterday the Vice President and Minister of Labor, Yolanda Díaz, encouraged him even more when he claimed that this observatory should specifically link them to the rise in wages. In other words, that it be a tool for collective bargaining and that it not stop at an analysis of the competitiveness of companies because this, she stated, is something about which data is already available.

The observatory is opposed by the employers, who consider it an interventionist instrument, and has led to repeated statements by the president of the CEOE, Antonio Garamendi against it. We do not share this observatory if what it is for is for the Government to dictate what to do", said Garamendi in the heading of the Agreement for Employment and Collective Bargaining (AENC), last week