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.

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Spain Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-7.00 -3.90 8.50 -39.00 1980 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-08 11:30 AM Dec -1.9 -3.2 -4
2020-01-30 11:30 AM Jan -5.6 -1.9 -2.3
2020-02-27 11:30 AM Feb -3.7 -5.6 -6.8
2020-03-30 11:30 AM Mar -7 -3.9 -16
2020-04-29 10:30 AM Apr -7 -40
2020-05-28 10:30 AM May
2020-06-29 10:30 AM Jun -30
2020-07-30 10:30 AM Jul


News Stream
Spanish Industry Morale at 5-Month Low
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).
2020-03-30
Spain Industry Morale Improves in February
Spain's industry confidence indicator increased to -3.7 in February 2020 from -5.6 in the previous month, as output expectations (5.4 vs 4.3 in January) and new orders (-7.9 vs -10.0) improved. Meantime, there was a decrease in the stock of finished products (8.4 vs 11.1).
2020-02-27
Spain Business Morale Weakest in 3 Months
Spain's industry confidence indicator fell to a three-month low of -5.6 in January 2020 from -1.9 in the previous month, as output expectations (4.2 vs 7.5 in December) and new orders (-10.0 vs -2.9) deteriorated. Meantime, there was an increase in stock of finished products (11.1 vs 10.3).
2020-01-30
Spain Industry Sentiment Improves in December
Spain's industry confidence indicator rose to -1.9 in December 2019 from a revised -3.2 in the previous month, boosted by an improvement in output expectations (7.4 vs -2.5). Meanwhile, new order levels deteriorated (-2.8 vs -2.3) while there was a sharp increase in stocks of finished products (10.3 vs 4.9).
2020-01-08

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).