Spain's industrial confidence indicator slumped to -5.3 in September 2019 from a revised 1.3 in the previous month. That was the lowest reading since January 2015, ahead of the country's fourth general election in four years in November. New orders tumbled (-7.1 vs -0.2 in August) and output expectations deteriorated (2.4 vs 6.0) while stocks of finished products increased sharply (11.1 vs 1.9). Business Confidence in Spain averaged -10.42 Index Points from 1980 until 2019, reaching an all time high of 8.50 Index Points in September of 1997 and a record low of -39 Index Points in March of 2009.

Business Confidence in Spain is expected to be -0.40 Index 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 -8.00 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -6.00 Index Points in 2020, according to our econometric models.

Spain Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-27 11:15 AM Business Confidence Jun -3.7 -3.3 -3.8
2019-07-30 11:40 AM Business Confidence Jul -2.8 -3.7 -4
2019-08-29 10:45 AM Business Confidence Aug 1.4 -2.8 -3.2
2019-09-27 10:45 AM Business Confidence Sep -5.3 1.3 -0.4
2019-10-30 11:45 AM Business Confidence Oct -5.3 -6
2019-11-28 11:45 AM Business Confidence Nov


Spain Business Last Previous Highest Lowest Unit
Business Confidence -5.30 1.30 8.50 -39.00 Index Points [+]
Services PMI 53.30 54.30 60.30 36.80 Index Points [+]
Manufacturing PMI 47.70 48.80 56.10 41.10 [+]
Industrial Production 1.70 1.20 13.60 -21.80 percent [+]
Industrial Production Mom 0.90 -0.20 9.30 -12.00 percent [+]
Manufacturing Production 1.20 0.20 13.60 -22.90 percent [+]
Capacity Utilization 80.90 80.50 90.00 68.86 percent [+]
Changes in Inventories 2887.00 2859.00 3071.00 -3183.00 EUR Million [+]
Bankruptcies 1588.00 1648.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 81751.00 74490.00 177375.00 23090.00 [+]
Car Production 967.00 1819.00 2504.00 139.00 Hundred Units [+]
Car Registrations 118275.00 118853.00 159417.00 3103.00 [+]
Internet Speed 15487.07 15362.73 15487.07 2354.24 KBps [+]
IP Addresses 14575619.00 13803828.00 14855454.00 7640009.00 IP [+]
Mining Production 5.40 0.10 21.00 -44.90 percent [+]
Steel Production 1133.00 1100.00 1980.00 555.00 Thousand Tonnes [+]
Competitiveness Index 75.28 74.20 75.28 4.49 Points [+]
Competitiveness Rank 23.00 26.00 42.00 23.00 [+]
Ease of Doing Business 30.00 28.00 62.00 28.00 [+]
Electricity Production 23843.00 25095.00 27405.00 20466.00 Gigawatt-hour [+]
Corruption Index 58.00 57.00 71.00 43.10 Points [+]
Corruption Rank 41.00 42.00 42.00 20.00 [+]
Factory Orders 0.80 0.70 25.60 -33.60 percent [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 1.30 8.50 -39.00 1980 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 0.00 Sep/19
Brazil 59.30 Oct/19
Canada 48.70 Sep/19
China 49.80 Sep/19
Euro Area -0.22 Sep/19
France 102.00 Sep/19
Germany 94.60 Sep/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 98.80 Sep/19
Japan 5.00 Sep/19
Mexico 50.30 Sep/19
Netherlands 3.30 Sep/19
Russia -2.00 Sep/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 71.00 Sep/19
Spain -5.30 Sep/19
Switzerland 93.20 Sep/19
Turkey 98.80 Sep/19
United Kingdom -32.00 Sep/19
United States 47.80 Sep/19


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