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). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -10.34 points from 1980 until 2021, reaching an all time high of 8.50 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 July of 2021.

Business Confidence in Spain is expected to be 8.90 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 5.00 points in 2022 and 1.00 points in 2023, according to our econometric models.

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Spain Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
1.90 -0.90 8.50 -38.80 1980 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 11:20 AM Apr -1.9 -3.4 -2
2021-05-28 11:20 AM May 1.1 -0.9 2
2021-06-29 11:20 AM Jun -1.1 1.0 5
2021-07-29 11:00 AM Jul 1.9 -0.9 2.5
2021-08-30 11:00 AM Aug
2021-09-29 11:00 AM Sep
2021-10-28 12:00 PM Oct
2021-11-29 11:30 AM Nov


News Stream
Spain Industrial Morale Rises to Over 3-Year High
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).
2021-07-29
Spain Industry Confidence Deteriorates in June
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).
2021-06-29
Spain Business Confidence Turns Positive in May
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).
2021-05-28
Spain Industrial Morale Improves to 20-Month High
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).
2021-04-29

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).