Business Confidence in Spain increased to 2.40 points in June from 1.50 points in May of 2022. source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -10.03 points from 1980 until 2022, reaching an all time high of 10 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 July of 2022.

Business Confidence in Spain is expected to be 4.50 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 1.00 points in 2023, according to our econometric models.

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Spain Business Confidence

Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 11:00 AM May 1.5 -0.6 -1.2
2022-06-29 11:30 AM Jun 2.4 1.5 0.7
2022-07-28 11:00 AM Jul 2.4

Related Last Previous Unit Reference
Business Confidence 2.40 1.50 points Jun 2022
Capacity Utilization 80.02 78.80 percent Jun 2022

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
2.40 1.50 10.00 -38.30 1980 - 2022 points Monthly

News Stream
Spain Industrial Morale Rebounds in May
Spain’s industrial confidence indicator rebounded to 1.5 in May of 2022 from -0.6 in the previous month, as the Spanish economy continued to recover from supply shocks due to the war in Ukraine and the domestic truckers’ strike. Improvements in sentiment were mainly due to higher production expectations (6.5 vs 4.5 in April), while sentiment deteriorated for stock levels (14.6 vs 8.5) and new order levels (6.4 vs 8.5).
Spain Industrial Morale Falls in April
Spain’s industrial confidence indicator slumped to -0.6 in April of 2022, the lowest since June of 2021, from the downwardly revised 5.1 in the prior month. Declines in sentiment were due to lower levels of new orders (8.2 vs 13.6 in March), while improvements were seen for stock levels (14.6 vs 1.1) and production expectations (4.5 vs 2.6).
Spain Industrial Morale Falls in March
Spain’s industrial confidence indicator fell to 5.3 in March of 2022 from the downwardly revised record-high of 10 from the prior month. Declines were mainly due to the economic effects of the war in Ukraine through soaring prices of energy and gasoline. Future production expectations plunged (2.9 vs 13.6 in February), while slower gains were recorded for new orders (14.1 vs 13.9) and stock levels (1.1 vs -2.4).