Confidence returning to the business sector as number of new companies grows

Palma.—Confidence in the business sector appears to have recovered this year.
The latest study of Business Demographics has revealed that, during the first nine months of this year, the number of new businesses starting up in the Balearics, was seven percent higher than during the same period last year.
In total, 2,286 new businesses opened their doors between January and September across the Balearics.
During last month alone, the number of new business opening was 54 percent up on September of last year and, according to the results of the survey, the majority of the new businesses are in either the construction sector or the service industry.