The industry confidence indicator in Spain sank to -5.1 in May of 2023 from the downwardly revised -1.4 in the previous month, pointing to the eleventh consecutive period of pessimism toward Spanish business at the sharpest extent since February. The developments align with the expected impact of aggressive interest rate hikes by the European Central Bank, aiming to destroy aggregate demand to reign in soaring inflation. Deterioration was noted in subindices for output expectations (3 vs 8 in April) and order book levels (-5.9 vs -5.4). On the other hand, inventory levels were notably higher (12.4 vs 6.8), suggesting poor consumer demand. source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -9.92 points from 1980 until 2023, reaching an all time high of 9.60 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 June of 2023.

Business Confidence in Spain is expected to be -3.00 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 3.40 points in 2024 and 2.40 points in 2025, according to our econometric models.

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Spain Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 11:00 AM Apr -1.3 -2.9 -2.2
2023-05-30 11:00 AM May -5.1 -1.3 -1.7
2023-06-29 11:00 AM Jun -5.1 1


Related Last Previous Unit Reference
Business Confidence -5.10 -1.40 points May 2023
Capacity Utilization 76.35 77.09 percent Jun 2023

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
-5.10 -1.40 9.60 -38.30 1980 - 2023 points Monthly
SA

News Stream
Spanish Business Confidence Deteriorates in May
The industry confidence indicator in Spain sank to -5.1 in May of 2023 from the downwardly revised -1.4 in the previous month, pointing to the eleventh consecutive period of pessimism toward Spanish business at the sharpest extent since February. The developments align with the expected impact of aggressive interest rate hikes by the European Central Bank, aiming to destroy aggregate demand to reign in soaring inflation. Deterioration was noted in subindices for output expectations (3 vs 8 in April) and order book levels (-5.9 vs -5.4). On the other hand, inventory levels were notably higher (12.4 vs 6.8), suggesting poor consumer demand.
2023-05-30
Spain Industrial Confidence Improves to 10-Month High
The industry confidence indicator in Spain improved to -1.3 in April of 2023 from -2.9 in the previous month, pointing to the least amount of pessimism for Spanish businesses since June of 2022. Still, it marked the tenth consecutive month of negative business sentiment, pressured by aggressive interest rate hikes by the European Central Bank and lingering uncertainty in the banking sector after the turmoil in March. Output expectations improved to 8.3 from 7.6 in the previous month, offsetting the deterioration for stock (6.8 vs 12.8) and order book (-5.3 vs -3.6) levels.
2023-04-27
Spain Industrial Confidence Improves to 9-Month High
The industry confidence indicator in Spain edged higher to -2.6 in March of 2023 from a downwardly revised -5.8 in the previous month, pointing to the least amount of pessimism in Spanish businesses since June 2022. Still, it was the ninth consecutive month in the negative territory due to high interest rates and an unstable banking sector. Output expectations rose to 7.5 from 4.3 in the previous period, while new orders levels improved to -3.6 from -8.7. On the other hand, stock levels fell to 12.6 from 12.9.
2023-03-30