The seasonally adjusted industrial confidence indicator in Spain fell further to -3.9 in August 2026, the lowest since April, from -2.6 in the preceding month. The 1.3-point monthly decline reflected a 2.8-point increase in stock levels and a 1.4-point decrease in production expectations, partly offset by a 0.3-point rise in the order-book indicator. Inventories rose for the third consecutive month, while the gauge for order books reached its highest level since April 2023, standing 3.5 points above its average since 2024. Production expectations, the only forward-looking component of the three underlying measures, declined for a second consecutive month, falling below their long-term average. Even so, the ICI remains above its long-term average, as it has consistently done since December 2023, and is 2.2 points higher than in August 2025. source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain decreased to -3.90 points in August from -2.60 points in July of 2026. Business Confidence in Spain averaged -9.59 points from 1980 until 2026, reaching an all time high of 9.50 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 September of 2026.

Business Confidence in Spain decreased to -3.90 points in August from -2.60 points in July of 2026. Business Confidence in Spain is expected to be -3.50 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 -2.50 points in 2027 and -2.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 11:00 AM
Business Confidence
Jul -2.6 -2.4 -2.7
2026-08-28 11:15 AM
Business Confidence
Aug -3.9 -2.6 -3
2026-09-29 10:00 AM
Business Confidence
Sep -3.9 -3.5


Related Last Previous Unit Reference
Bankruptcies 1813.00 1814.00 Companies Jul 2026
Business Confidence -3.90 -2.60 points Aug 2026
Capacity Utilization 78.00 79.50 percent Sep 2026
Car Production 1633.00 1695.00 Hundred Units Jun 2026
Car Registrations 128426.00 111894.00 Units Jun 2026
Cement Production 1752.09 1780.93 Thousands of Tonnes Jun 2026
Changes in Inventories 2435.00 2069.00 EUR Million Jun 2026
Composite Leading Indicator 99.74 99.95 points Aug 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 127.41 0.44 EUR/MWh Sep 2026
Electricity Production 24847.15 22578.93 Gigawatt-hour Jun 2026
Industrial Production YoY 2.30 1.10 percent Jul 2026
Industrial Production Mom 0.60 -0.70 percent Jul 2026
Manufacturing Production 1.50 0.50 percent Jul 2026
Mining Production 17.30 30.30 percent Jul 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Sep 2026
Natural Gas Stocks Injection 0.00 0.00 GWh/d Sep 2026
Natural Gas Stocks Inventory 26.32 26.32 TWh Sep 2026
Natural Gas Stocks Withdrawal 0.10 0.00 GWh/d Sep 2026
New Orders -6.20 -7.10 points Jul 2026
New Passenger Car Registrations YoY 7.80 -0.80 percent Jun 2026
New Car Sales YoY 68544.00 101949.00 Units Aug 2026


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
-3.90 -2.60 9.50 -38.30 1980 - 2026 points Monthly
SA

News Stream
Spain Business Confidence Weakens to 4-Month Low
The seasonally adjusted industrial confidence indicator in Spain fell further to -3.9 in August 2026, the lowest since April, from -2.6 in the preceding month. The 1.3-point monthly decline reflected a 2.8-point increase in stock levels and a 1.4-point decrease in production expectations, partly offset by a 0.3-point rise in the order-book indicator. Inventories rose for the third consecutive month, while the gauge for order books reached its highest level since April 2023, standing 3.5 points above its average since 2024. Production expectations, the only forward-looking component of the three underlying measures, declined for a second consecutive month, falling below their long-term average. Even so, the ICI remains above its long-term average, as it has consistently done since December 2023, and is 2.2 points higher than in August 2025.
2026-08-28
Spain Business Confidence Softens
The seasonally adjusted industrial confidence indicator in Spain eased to -2.6 from the near two-year peak of -2.4 in the previous month. The pullback was centered around a 0.7 point decline in expectations of production over the next year, while price expectations rose by 1.2 points. Meanwhile, the index measuring order levels in the previous level rose by one point.
2026-07-30
Spain Business Sentiment Hits Near 2-Year Peak
The seasonally adjusted industrial confidence indicator in Spain rose to -2.4 in June of 2026 from from -3.7 in the prior month, marking the highest reading since September 2024. Production expectations rebounded strongly (-4.5 vs -1.5 in May) and stocks increased faster (4.3 vs 2.6), despite the deterioration in new orders (-7.3 vs -6.9) and export orders (-15.1 vs -14.9). At the same time, the inflation outlook improved, with price pressures expected to ease (10.4 vs 18.7).
2026-06-29