The seasonally adjusted industry confidence indicator in Spain rose by 2.8 points from the prior month to -6.6 in August 2023, better than market expectations of -14. It marks the first monthly improvement after three consecutive months of deteriorating business sentiment. Output expectations increased (3.8 vs -2.3 in July) and stock levels declined (9.2 vs 12.5), despite another drop in new orders (-14.5 vs -13.4) and export orders (-21.9 vs -6.6). Also, prospects for employment (1.7 vs 0.1) and prices (4.5 vs 4.1) were brighter. source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -9.92 points from 1980 until 2023, reaching an all time high of 9.60 points in February of 2022 and a record low of -38.30 points in March of 2009. This page provides the latest reported value for - Spain Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Business Confidence in Spain is expected to be -2.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Business Confidence is projected to trend around 3.40 points in 2024 and 2.40 points in 2025, according to our econometric models.

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Spain Business Confidence



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-28 11:00 AM Jul -9.5 -8.5 -3.9
2023-08-30 11:00 AM Aug -6.6 -9.4 -14 -12.2
2023-09-28 11:00 AM Sep -6.6 -5


Related Last Previous Unit Reference
Business Confidence -6.60 -9.40 points Aug 2023
Capacity Utilization 76.21 76.30 percent Sep 2023

Spain Business Confidence
In Spain, the Industrial Confidence Indicator (ICI) measures the level of optimism of entrepreneurs for the future development of industrial activity. The ICI is conducted based on the sample of 2500 enterprises representing different sizes, regions and sectors of Spanish economy. The response rate is around 60 percent. ICI is measured on a scale of -100 (extreme lack of confidence) to +100 (extreme confidence).
Actual Previous Highest Lowest Dates Unit Frequency
-6.60 -9.40 9.60 -38.30 1980 - 2023 points Monthly
SA

News Stream
Spain Business Sentiment Improves in August
The seasonally adjusted industry confidence indicator in Spain rose by 2.8 points from the prior month to -6.6 in August 2023, better than market expectations of -14. It marks the first monthly improvement after three consecutive months of deteriorating business sentiment. Output expectations increased (3.8 vs -2.3 in July) and stock levels declined (9.2 vs 12.5), despite another drop in new orders (-14.5 vs -13.4) and export orders (-21.9 vs -6.6). Also, prospects for employment (1.7 vs 0.1) and prices (4.5 vs 4.1) were brighter.
2023-08-30
Spain Industrial Confidence Falls to 3-Year Low
The industry confidence indicator in Spain plunged to -9.5 in July of 2023 from the downwardly revised -8.5 in the previous month, pointing to the greatest amount of pessimism since August 2020 as political uncertainty, a rebound in inflation, and tight borrowing costs weighed on the Spanish economy. Pessimism increased regarding businesses’ order book levels (-13.3 vs -10 in June) and production expectations (-2.6 vs -1.8), while optimism regarding stock levels fell (12.5 vs 13.6).
2023-07-28
Spain Industrial Confidence Plunges to 2-1/2-Year Low
The industry confidence indicator in Spain sank to -8.3 in June of 2023 from the upwardly revised -5.4 in the previous month, the twelfth consecutive period of pessimism and the worst since October 2020. The result aligned with the downturn in business sentiment throughout the European continent as inflation dampened consumer appetite and interest rates are expected to keep rising. Deterioration was noted in order book levels (-9.7 vs -6.3 in May) and production expectations (-1.6 vs 13.6), while stock levels edged higher (13.6 vs 12.4).
2023-06-29