The Spanish business confidence index increased to -0.2 in November of 2018 from a downwardly revised -1.9 in October. It is strongest reading since May, as expectations rose markedly for production (10.1 from 7.5 in October). In addition, the current assessment was more favorable for the current level of output (6.3 from 3.1), new orders (0.7 from -6.1) and export orders (-2.8 from -5.3). Business Confidence in Spain averaged -10.58 Index Points from 1980 until 2018, reaching an all time high of 8.50 Index Points in September of 1997 and a record low of -39 Index Points in March of 2009.
Business Confidence in Spain is expected to be 0.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Spain to stand at 0.40 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -4.00 Index Points in 2020, according to our econometric models.