Spain's industrial confidence indicator increased to -11.5 in July 2020 from a downwardly revised 23.1 in the previous month. The country lifted a nationwide state of emergency on June 21st as it emerged from a three-month lockdown due to the coronavirus pandemic. Improvements were seen in the level of new orders (-45.4 vs -55.7 in May) and output expectations (16.9 vs 2.3). On the other hand, stock of finished products dropped (5.9 vs 15.8).

Business Confidence in Spain averaged -10.48 points from 1980 until 2020, reaching an all time high of 8.60 points in September of 1997 and a record low of -38.80 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 2020. source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain is expected to be -18.00 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 -3.00 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -10.00 points in 2021 and -6.00 points in 2022, according to our econometric models.

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Spain Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-11.50 -23.10 8.60 -38.80 1980 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 11:00 AM Apr -35.1 -7.1 -40
2020-05-28 11:20 AM May -33 -35.1 -32
2020-06-29 10:35 AM Jun -23.4 -33 -27
2020-07-30 10:30 AM Jul -11.5 -23.1 -22
2020-08-28 10:30 AM Aug -11.5
2020-09-29 10:30 AM Sep -18
2020-10-29 11:30 AM Oct
2020-11-27 11:30 AM Nov


News Stream
Spain Industry Morale Continues to Recover
Spain's industrial confidence indicator increased to -11.5 in July of 2020 from a downwardly revised 23.1 in the previous month. The country lifted a nationwide state of emergency on June 21st as it emerged from a three-month lockdown due to the coronavirus pandemic. Improvements were seen in the level of new orders (-45.4 vs -55.7 in May) and output expectations (16.9 vs 2.3). On the other hand, stock of finished products dropped (5.9 vs 15.8).
2020-07-30
Spain Industry Morale Improves for 2nd Straight Month
Spain's industrial confidence indicator increased to -23.4 in June of 2020 from -33 in the previous month, boosted by an improvement in output expectations (1.4 vs -30.9 in May) and level of new orders (-55.7 vs -56.9) amid the easing of the coronavirus-related restrictions. Meantime, there was an increase in the stock of finished products (15.8 vs 11.3).
2020-06-29
Spain Industry Morale Edges Up from 11-Year Low
Spain's industrial confidence indicator edged up to -33 in May of 2020 from an 11-year low of -35.1 in the previous month, as output expectations improved (-30.8 vs -52.8 in April) amid the easing of the coronavirus-related restrictions. Meantime, there was an increase in the stock of finished products (11.3 vs 4.2) and new orders expectations declined further (-56.9 vs -48.2).
2020-05-28
Spain Industry Morale Deteriorates to 11-Year Low
Spain's industrial confidence indicator tumbled to -35.1 in April of 2020 from a downwardly revised -7.1 in the previous month. That was the lowest reading since March of 2009 as the country remains the worst-affected by the coronavirus pandemic in Europe. Output expectations deteriorated sharply (-52.9 vs -9.8) and new orders declined (-48.2 vs -7.9) while stocks of finished products increased (4.2 vs 3.4).
2020-04-29

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).