Spain's industrial climate indicator dropped to -2.7 in December 2018 from an upwardly revised 0.0 in the previous month as new orders fell (-1.1 vs 1.5 in November) and stocks of finished products increased (12.5 vs 11.3). Meanwhile, output expectations were lowered but remained at positive levels (5.5 vs 9.9). Business Confidence in Spain averaged -10.56 Index Points from 1980 until 2018, reaching an all time high of 7.80 Index Points in September of 1997 and a record low of -38.50 Index Points in March of 2009.
Business Confidence in Spain is expected to be 1.00 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 -2.00 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.