Spain's industrial confidence indicator slumped to a five-month low of -7 in March 2020 from a downwardly revised -3.9 in the previous month, as the country is severely hurt by the coronavirus pandemic. Output expectations deteriorated sharply (-9.8 vs 4.5) while stocks of finished products decreased (3.4 vs 8.4) and new orders remained unchanged (at -7.9).
Business Confidence in Spain averaged -10.36 points from 1980 until 2020, reaching an all time high of 8.50 points in September of 1997 and a record low of -39 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 April of 2020. source: Ministerio de Industria, Energia Y Turismo
Business Confidence in Spain is expected to be -16.00 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 -16.00 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around -10.00 points in 2021 and -6.00 points in 2022, according to our econometric models.