Spain Business Confidence

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.

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Calendar	GMT		Actual	Previous	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	[+]

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

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Country	Last		Previous	Range
Australia	0.00	Sep/19	1	21 : -30	Index Points
Brazil	59.30	Oct/19	59.4	68.5 : 35	Index Points
Canada	48.70	Sep/19	60.6	75 : 36.1	Index Points
China	49.80	Sep/19	49.5	59.2 : 38.8	Index Points
Euro Area	-0.22	Sep/19	0.12	1.63 : -3.31	Index Points
France	102.00	Sep/19	103	124 : 66	Index Points
Germany	94.60	Sep/19	94.3	110 : 80	Index Points
India	112.80	Sep/19	114	128 : 96.4	Index Points
Indonesia	108.81	Jun/19	102	122 : 95.12	Index Points
Italy	98.80	Sep/19	99.6	122 : 71.5	Index Points
Japan	5.00	Sep/19	7	53 : -58	Index Points
Mexico	50.30	Sep/19	49.9	58.6 : 34	Index Points
Netherlands	3.30	Sep/19	3.9	10.9 : -23.5	Index Points
Russia	-2.00	Sep/19	-2	7 : -20	Index Points
Saudi Arabia	3.00	Jun/16	-12	63 : -12	Index Points
Singapore	-11.00	Jun/19	1	54 : -57	Index Points
South Africa	21.00	Sep/19	28	92 : 12	Index Points
South Korea	71.00	Sep/19	68	119 : 35	Index Points
Spain	-5.30	Sep/19	1.3	8.5 : -39	Index Points
Switzerland	93.20	Sep/19	95.5	120 : 60	Index Points
Turkey	98.80	Sep/19	102	123 : 52.6	Index Points
United Kingdom	-32.00	Sep/19	-13	55 : -75	Index Points
United States	47.80	Sep/19	49.1	77.5 : 29.4	Index Points