Spain Business Confidence  Forecast


Business Confidence in Spain is expected to be -1.60 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 -0.30 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -4.00 in 2020, according to our econometric models.


Spain Business Confidence
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Spain Business Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Business Confidence -0.4 -1.6 -1.2 -0.6 -0.3 -4
Services PMI 56 54.9 54.4 55.2 55.4 52.4
Manufacturing PMI 52.4 52.9 53.4 54 54.5 53.2
Industrial Production 1.9 2.6 2.7 2.8 2.8 2
Industrial Production Mom -0.3 0.6 -0.2 0.5 -0.3 0.2
Manufacturing Production 2.3 2.8 3 2.9 2.7 2.4
Capacity Utilization 79.07 77.79 78.3 78.72 79.34 79.6
New Orders -3 -6 -4 -2 -1 4
Changes in Inventories 1483 940 896 872 834 779
Bankruptcies 1457 950 890 1423 1513 647
Total Vehicle Sales 72410 81300 94200 99467 98582 115500
Car Production 2002 2850 1750 1965 1936 1930
Car Registrations 111843 100250 99800 110553 110609 109800
Cement Production 1381 1250 1120 1367 1367 1660
Competitiveness Index 4.68 4.68 4.68 4.76 4.76 4.82
Competitiveness Rank 32 32 32 31 31 29
Ease of Doing Business 32 31 31 30 30 28
Electricity Production 22212 21150 22900 23172 23157 23700
Corruption Index 58 59 59 60 60 62
Corruption Rank 41 40 40 39 39 37
Factory Orders 4.6 5.66 5.47 5.38 5.38 5.37
Steel Production 1092 1170 980 1174 1164 1260
Mining Production 8.6 -6.4 -2.2 -0.2 0.3 1.5