Spain New Orders  Forecast


New Orders in Spain is expected to be -4.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Orders in Spain to stand at -4.02 in 12 months time. In the long-term, the Spain New Orders is projected to trend around 4.00 in 2020, according to our econometric models.


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Spain Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 2.1 -1.2 -0.6 -0.3 -1.9 -4
Services PMI 56.7 54.4 55.2 55.4 54.92 52.4
Manufacturing PMI 54.3 53.4 54 54.5 52.97 53.2
Industrial Production 1.8 2.7 2.8 2.8 1.21 2
Industrial Production Mom 1 -0.2 0.5 -0.3 0.07 0.2
Manufacturing Production 2.3 3 2.9 2.7 1.36 2.4
Capacity Utilization 79.07 78.3 78.83 78.78 78.66 79.6
New Orders 3 -4 -2 -1 -4.02 4
Changes in Inventories 1483 900 828 809 752 670
Bankruptcies 1457 890 1306 1328 1314 647
Total Vehicle Sales 83291 94200 90796 90973 90709 115500
Car Production 558 1750 1620 1548 1494 1930
Car Registrations 111843 99800 108588 108103 107614 109800
Cement Production 1381 1120 1519 1561 1601 1660
Competitiveness Index 4.7 4.68 4.76 4.76 4.68 4.82
Competitiveness Rank 34 32 31 31 33 29
Ease of Doing Business 32 31 30 30 44 28
Electricity Production 23038 22900 23677 23744 23736 23700
Corruption Index 58 59 60 60 57 62
Corruption Rank 41 40 39 39 37 37
Factory Orders 4.6 2.97 2.53 2.3 2.16 1.9
Steel Production 1092 980 1177 1182 1188 1260
Mining Production 8.6 -2.2 -0.2 0.3 -1.7 1.5