Spain’s seasonally adjusted industrial confidence indicator dropped to -4.2 in March 2026 from the upwardly revised -2.7 in the prior month. The reading reflected the lowest business sentiment in five months, likely influenced by ongoing tensions in the Middle East. Firms reported continued weakness in order books (-9.6 vs -9.9 in February) and a sharp drop in production expectations (1.3 vs 6.4), while stock levels eased slightly (4.4 vs 4.6). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain decreased to -4.20 points in March from -2.70 points in February of 2026. Business Confidence in Spain averaged -9.65 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 April of 2026.

Business Confidence in Spain decreased to -4.20 points in March from -2.70 points in February of 2026. 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
2026-02-26 01:00 PM
Business Confidence
Feb -2.6 -3.1 -3.2
2026-03-30 01:20 PM
Business Confidence
Mar -4.2 -2.7 -2.8
2026-04-29 10:00 AM
Business Confidence
Apr -4.2


Related Last Previous Unit Reference
Bankruptcies 3897.00 3614.00 Companies Jan 2026
Business Confidence -4.20 -2.70 points Mar 2026
Capacity Utilization 80.10 79.80 percent Mar 2026
Car Production 1480.00 1367.00 Hundred Units Jan 2026
Car Registrations 97082.00 73103.00 Units Feb 2026
Cement Production 1405.64 1261.69 Thousands of Tonnes Feb 2026
Changes in Inventories 2433.00 2540.00 EUR Million Dec 2025
Composite Leading Indicator 101.58 101.32 points Feb 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 14.44 0.44 EUR/MWh Apr 2026
Electricity Production 25904.78 23687.88 Gigawatt-hour Jan 2026
Industrial Production YoY 0.30 -0.30 percent Jan 2026
Industrial Production Mom -0.40 -2.40 percent Jan 2026
Manufacturing Production -1.30 -0.80 percent Jan 2026
Mining Production -3.20 -12.90 percent Jan 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Apr 2026
Natural Gas Stocks Injection 21.73 99.90 GWh/d Apr 2026
Natural Gas Stocks Inventory 20.70 20.70 TWh Apr 2026
Natural Gas Stocks Withdrawal 22.20 0.00 GWh/d Apr 2026
New Orders -7.30 -8.80 points Jan 2026
New Passenger Car Registrations YoY 7.50 1.10 percent Feb 2026
New Car Sales YoY 97082.00 73103.00 Units Feb 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
-4.20 -2.70 9.50 -38.30 1980 - 2026 points Monthly
SA

News Stream
Spain Business Sentiment Slips to 5-Month Low
Spain’s seasonally adjusted industrial confidence indicator dropped to -4.2 in March 2026 from the upwardly revised -2.7 in the prior month. The reading reflected the lowest business sentiment in five months, likely influenced by ongoing tensions in the Middle East. Firms reported continued weakness in order books (-9.6 vs -9.9 in February) and a sharp drop in production expectations (1.3 vs 6.4), while stock levels eased slightly (4.4 vs 4.6).
2026-03-30
Spain Industrial Confidence Hits 17-Month High
Spain’s seasonally adjusted industrial confidence indicator rose to -2.6 in February 2026, up from a revised -3.1 in January, marking its highest reading since September 2024. The improvement was driven by stronger expectations for future production (6.5 vs 1.6 in January), even as order books weakened (-9.9 vs -7.8) and stock levels rose (4.6 vs 3.1).
2026-02-26
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