The seasonally adjusted industrial confidence indicator in Spain inched higher to -3.7 in May of 2026 from the seven-month low of -4.9 in April. Pessimism around new orders softened (-6.8 vs -9 in April) despite remaining elevated, as energy prices stabilized below their peak following the war in Iran. Likewise, production expectation pessimism eased (-1.7 vs -2.5). In turn, stocks levels dropped slightly (2.6 vs 3.1). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain increased to -3.70 points in May from -4.90 points in April of 2026. Business Confidence in Spain averaged -9.63 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 June of 2026.

Business Confidence in Spain increased to -3.70 points in May from -4.90 points in April of 2026. Business Confidence in Spain is expected to be -2.10 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
2026-04-29 11:00 AM
Business Confidence
Apr -5 -4.3 -6
2026-05-28 11:00 AM
Business Confidence
May -3.7 -4.9 -4
2026-06-29 10:00 AM
Business Confidence
Jun -3.7 -2.1


Related Last Previous Unit Reference
Bankruptcies 2342.00 2544.00 Companies Mar 2026
Business Confidence -3.70 -4.90 points May 2026
Capacity Utilization 79.50 80.10 percent Jun 2026
Car Production 1638.00 1708.00 Hundred Units Mar 2026
Car Registrations 106862.00 130340.00 Units Apr 2026
Cement Production 1697.96 1405.64 Thousands of Tonnes Mar 2026
Changes in Inventories 2433.00 2540.00 EUR Million Dec 2025
Composite Leading Indicator 101.23 101.29 points Apr 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 57.75 0.44 EUR/MWh Jun 2026
Electricity Production 23368.06 22208.72 Gigawatt-hour Mar 2026
Industrial Production YoY 2.00 1.90 percent Apr 2026
Industrial Production Mom -0.40 2.40 percent Apr 2026
Manufacturing Production 1.90 2.80 percent Apr 2026
Mining Production 11.80 2.20 percent Apr 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Jun 2026
Natural Gas Stocks Injection 78.61 69.12 GWh/d Jun 2026
Natural Gas Stocks Inventory 25.50 25.42 TWh Jun 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d Jun 2026
New Orders -9.50 -9.50 points Apr 2026
New Passenger Car Registrations YoY 8.40 11.70 percent Apr 2026
New Car Sales YoY 111894.00 106862.00 Units May 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
-3.70 -4.90 9.50 -38.30 1980 - 2026 points Monthly
SA

News Stream
Spain Business Pessimism Softens
The seasonally adjusted industrial confidence indicator in Spain inched higher to -3.7 in May of 2026 from the seven-month low of -4.9 in April. Pessimism around new orders softened (-6.8 vs -9 in April) despite remaining elevated, as energy prices stabilized below their peak following the war in Iran. Likewise, production expectation pessimism eased (-1.7 vs -2.5). In turn, stocks levels dropped slightly (2.6 vs 3.1).
2026-05-28
Spain Business Sentiment Drops to 8-Month Low
Spain’s seasonally adjusted industrial confidence indicator fell further to -5 in April 2026, the lowest since August 2025, from the upwardly revised -4.3 in the prior month. This reflected weaker production expectations (-2.4 vs 1 in March) amid sustained pressure on order books (-9.5 vs -9.5). Export orders also fell sharply (-26.2 vs -17.9) and stock levels declined (3.1 vs 4.4). Furthermore, the inflation outlook worsened, with price pressures expected to climb (26.5 vs 20.6).
2026-04-29
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