Spain Business Confidence1980-2021 Data | 2022-2023 Forecast | Calendar

Spain's industrial confidence indicator rose to 1.9 in July of 2021 from a revised -0.9 in the previous month, helped by easing Covid-19 restrictions. It was the highest reading since April 2018, as output expectations improved (6.7 vs 1.4 in June) and stocks of finished products declined (-1.8 vs 3.3). Meantime, new orders fell (-2.7 vs -0.8).

Spain's industrial confidence indicator dropped to -1.1 in June 2021, from a downwardly revised 1.0 in the previous month. Still, sentiment remained close to May's near two-year high. Output expectations deteriorated sharply (0.9 vs 5.1 in May) and new orders fell (-0.8 vs 1.6), while stocks of finished products were little-changed (3.3 vs 3.6).

Spain's industrial confidence indicator rose by 2 points to 1.1 in May of 2021 from a revised -0.9 in the previous month, returning to positive territory for the first time since August of 2019 and reaching the highest since April of 2018. There was an improvement in the level of new orders (1.6 vs -3.4 in April) and the stock of finished products decreased (3.6 vs 5.7). On the other hand, output expectations dropped (5.5 vs 6.5).

Spain's industrial confidence indicator rose by 1.5 points to -1.9 in April of 2021 from a revised -3.4 in the previous month. It was the highest reading since August of 2019, as business confidence has been gradually improving after the collapse in March and April last year that brought the index to levels not seen in more than 10 years. The successive coronavirus waves have led to the adoption of new measures and to the declaration of a new alarm state that will end in May. These measures have implied different degrees of restriction on mobility and activity, leading to a moderation in the rate of recovery of the overall economy, although it seems that the industrial sector is already reaching levels prior to the start of the pandemic. There was an improvement in the level of new orders (-5.1 vs -10.1 in March) and output expectations (6.4 vs -0.9). Meantime, the stock of finished products increased (5.7 vs 0.2).