Spain's industrial confidence indicator increased to -11.5 in July 2020 from a downwardly revised 23.1 in the previous month. The country lifted a nationwide state of emergency on June 21st as it emerged from a three-month lockdown due to the coronavirus pandemic. Improvements were seen in the level of new orders (-45.4 vs -55.7 in May) and output expectations (16.9 vs 2.3). On the other hand, stock of finished products dropped (5.9 vs 15.8).
Business Confidence in Spain averaged -10.48 points from 1980 until 2020, reaching an all time high of 8.60 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 August of 2020. source: Ministerio de Industria, Energia Y Turismo
Business Confidence in Spain is expected to be -18.00 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 -3.00 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -10.00 points in 2021 and -6.00 points in 2022, according to our econometric models.