The industry confidence indicator in Spain rose to -4.3 in January of 2023 from -5.1 in the December of 2022, advancing for a second month after hitting a near two-year-low of -7.6 in November. Sentiment improved for expectations on production (7.9 vs 4.4 in December), offsetting the decrease in new order levels (-13.7 vs -8.9) despite the sharp improvement in foreign new orders (0.8 vs -21), while stock levels deteriorated (7.1 vs 10.7). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -9.97 points from 1980 until 2023, reaching an all time high of 9.60 points in February of 2022 and a record low of -38.20 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 February of 2023.

Business Confidence in Spain is expected to be -2.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Spain Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-01-05 12:00 PM Dec -5.1 -7.6 -8
2023-01-30 12:00 PM Jan -4.3 -5.1 -4
2023-02-27 12:00 PM Feb -4.3


Related Last Previous Unit Reference
Business Confidence -4.30 -5.10 points Jan 2023
Capacity Utilization 77.17 78.90 percent Dec 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
-4.30 -5.10 9.60 -38.20 1980 - 2023 points Monthly
SA

News Stream
Spain Industry Sentiment Improves for 2nd Month
The industry confidence indicator in Spain rose to -4.3 in January of 2023 from -5.1 in the December of 2022, advancing for a second month after hitting a near two-year-low of -7.6 in November. Sentiment improved for expectations on production (7.9 vs 4.4 in December), offsetting the decrease in new order levels (-13.7 vs -8.9) despite the sharp improvement in foreign new orders (0.8 vs -21), while stock levels deteriorated (7.1 vs 10.7).
2023-01-30
Spain Industry Confidence Improves from Near 2-Year Low
The industry confidence indicator in Spain rose to -5.1 in December 2022 from a revised -7.6 in the previous month, which was the weakest reading since December 2020. Still, sentiment remained in negative territory for a sixth consecutive month. Output expectations improved sharply (+4.1 vs -1.0 in November) and new orders declined at slower pace (-8.6 vs -9.9), while stocks of finished products continued to increase (+10.7 vs +11.8).
2023-01-05
Spain Industrial Sentiment Falls to 23-Month Low
Spain’s industrial confidence indicator fell to -7.7 in November of 2022, the lowest since December 2020 and retreating from the downwardly revised -4.2 in the prior month, as soaring inflation and increasing borrowing costs continued to press Spanish businesses. Sentiment deteriorated sharply for new order levels, (-10 vs -6.6 in October), largely due to foreign new orders (-20.5 vs -12.9), offsetting the higher level of stocks (11.8 vs 5.9). Looking forward, expectations of production also deteriorated (-1.3 vs -0.2).
2022-11-29