Spain’s seasonally adjusted industry confidence indicator edged up to -3 in January 2026, the highest reading since September 2024, from -3.4 in the previous month, but still in pessimistic territory. Firms reported an improvement in order books (-7.3 vs -8.8 in December), while the growth in stock levels eased (3.1 vs 5.2). Looking forward, expectations on futures production levels weakened for the third consecutive month (1.4 vs 3.7). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain increased to -3 points in January from -3.40 points in December of 2025. Business Confidence in Spain averaged -9.67 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 February of 2026.

Business Confidence in Spain increased to -3 points in January from -3.40 points in December of 2025. Business Confidence in Spain is expected to be -2.80 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 -1.50 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 11:00 AM
Business Confidence
Dec -3.5 -3.2 -2.8
2026-01-29 12:00 PM
Business Confidence
Jan -3 -3.4 -3.4
2026-02-26 11:00 AM
Business Confidence
Feb -3 -3.2


Related Last Previous Unit Reference
Bankruptcies 2429.00 2117.00 Companies Nov 2025
Business Confidence -3.00 -3.40 points Jan 2026
Capacity Utilization 79.80 78.30 percent Dec 2025
Car Production 1118.00 1725.30 Hundred Units Nov 2025
Car Registrations 103012.00 94124.00 Units Dec 2025
Cement Production 1774.00 1813.00 Thousands of Tonnes Nov 2025
Changes in Inventories 2529.00 2708.00 EUR Million Sep 2025
Composite Leading Indicator 101.46 101.06 points Dec 2025
Corruption Index 56.00 60.00 Points Dec 2024
Corruption Rank 46.00 36.00 Dec 2024
Electricity Price 13.83 0.44 EUR/MWh Feb 2026
Electricity Production 23007.47 22467.96 Gigawatt-hour Nov 2025
Industrial Production YoY 4.50 1.20 percent Nov 2025
Industrial Production Mom 1.00 0.60 percent Nov 2025
Manufacturing Production 1.60 0.40 percent Nov 2025
Mining Production 14.00 14.30 percent Nov 2025
Natural Gas Stocks Capacity 35.83 35.83 TWh Jan 2026
Natural Gas Stocks Injection 21.88 21.88 GWh/d Jan 2026
Natural Gas Stocks Inventory 21.29 21.29 TWh Jan 2026
Natural Gas Stocks Withdrawal 22.00 22.00 GWh/d Jan 2026
New Orders 9.10 -8.50 points Dec 2025
New Passenger Car Registrations YoY -2.20 12.90 percent Dec 2025
New Car Sales YoY 103012.00 94124.00 Units Dec 2025


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
-3.00 -3.40 9.50 -38.30 1980 - 2026 points Monthly
SA

News Stream
Spain Business Sentiment at Near 1-1/2-Year High
Spain’s seasonally adjusted industry confidence indicator edged up to -3 in January 2026, the highest reading since September 2024, from -3.4 in the previous month, but still in pessimistic territory. Firms reported an improvement in order books (-7.3 vs -8.8 in December), while the growth in stock levels eased (3.1 vs 5.2). Looking forward, expectations on futures production levels weakened for the third consecutive month (1.4 vs 3.7).
2026-01-29
Spain Industry Sentiment Weakens in December
Spain’s seasonally adjusted industry confidence indicator fell to -3.5 in December 2025 from -3.2 in November. There was a decrease in new order inflows (-9.1 vs -8.5) and output expectations softened (3.9 vs 4.2). At the same time, stock levels were unchanged at 5.3.
2026-01-09
Spain Industrial Confidence Hits 14-Month High
Spain’s seasonally adjusted industry confidence indicator rose to -3.0 in November 2025, up from -5.4 in October, marking its highest level since September 2024. There was an increase in new order inflows (-7.9 vs. -12.9) and a moderation in stock levels (5.3 vs. 9.2), while output expectations softened slightly, declining to 4.2 from 5.9.
2025-11-27