Spain's industrial confidence indicator rose by 1.5 points to -1.9 in April of 2021 from a revised -3.4 in the previous month. It was the highest reading since August of 2019, as business confidence has been gradually improving after the collapse in March and April last year that brought the index to levels not seen in more than 10 years. The successive coronavirus waves have led to the adoption of new measures and to the declaration of a new alarm state that will end in May. These measures have implied different degrees of restriction on mobility and activity, leading to a moderation in the rate of recovery of the overall economy, although it seems that the industrial sector is already reaching levels prior to the start of the pandemic. There was an improvement in the level of new orders (-5.1 vs -10.1 in March) and output expectations (6.4 vs -0.9). Meantime, the stock of finished products increased (5.7 vs 0.2). source: Ministerio de Industria, Energia Y Turismo
Business Confidence in Spain averaged -10.41 points from 1980 until 2021, reaching an all time high of 8.60 points in September of 1997 and a record low of -38.80 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 May of 2021.
Business Confidence in Spain is expected to be 5.00 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 2.00 in 12 months time. In the long-term, the Spain Business Confidence is projected to trend around 5.00 points in 2022 and 1.00 points in 2023, according to our econometric models.