Spain's industry confidence indicator fell to -3.8 in April 2019 from a downwardly revised -2.4 in the previous month, due to a deterioration in production expectations (-1.1 vs 5.1 in March) and stocks of finished products (8.3 vs 6.2). Meanwhile, the current assessment of new order levels were less negative (-2.1 vs -6.1). Business Confidence in Spain averaged -10.50 Index Points from 1980 until 2019, 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 -3.80 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 -7.60 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -6.00 Index Points in 2020, according to our econometric models.