The Spanish business confidence index increased to -2.5 in October 2018 from a downwardly revised -3.6 in September, as expectations for production rose significantly (7.1 from 2.5 in September). On the other hand, decreases were seen in current level of output (2.8 from 2.9); new orders (-7.5 from -2.7), in particular export orders (-6.3 from -3.5); employment (-0.9 from 1.7) and stocks of finished goods (7.1 from 10.8). Business Confidence in Spain averaged -10.59 Index Points from 1980 until 2018, 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 0.50 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 0.40 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -4.00 Index Points in 2020, according to our econometric models.