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). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -10.00 points from 1980 until 2022, 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 December of 2022.

Business Confidence in Spain is expected to be -15.00 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 -3.00 points in 2023 and 1.00 points in 2024, according to our econometric models.

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Spain Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-10-28 11:00 AM Oct -4.6 -5.7 -9.2
2022-11-29 12:00 PM Nov -7.7 -4.2 -3.9


Related Last Previous Unit Reference
Business Confidence -7.70 -4.20 points Nov 2022
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
-7.70 -4.20 9.60 -38.30 1980 - 2022 points Monthly
SA

News Stream
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
Spain Industrial Sentiment Negative for 4th Month
Spain’s industrial confidence indicator edged up to -4.6 in October of 2022 from -5.7 in September, still remaining in negative territory for the fourth consecutive month as a consequence of the tensions arising from the war between Russia and Ukraine and the escalation of prices. Sentiment deteriorated for new order levels (-7.7 vs -7.3 in September) and confidence also fell for future expectations of production (-0.1 vs 1) while stock levels were down (5.9 vs 10.6).
2022-10-28
Spain Industrial Morale Improves Slightly
Spain’s industrial confidence indicator increased to -5.6 in September of 2022, from a 1-1/-2-year low of -6.1 in the previous month. The slight improvement in sentiment was mainly due to an increase in production expectations (1.1 vs 0.5 in August) and a reduction in stocks (10.6 vs 12.6). Meanwhile, the current level of production (-8.5 vs -3.2) and new orders decreased further (-7.3 vs -6.3).
2022-09-29