The industry confidence indicator in Spain fell to -6 in February of 2023 from a revised -4.2 in January, remaining in negative territory for the eighth consecutive month as a consequence of the tensions arising from the war between Russia and Ukraine and the escalation of prices. Output expectations decreased (4.1 vs 7.8 in January) and stocks of finished products increased sharply (12.9 vs 7.1) while new orders declined at a slower pace (-9.2 vs -13.4). source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain averaged -9.96 points from 1980 until 2023, reaching an all time high of 9.50 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 March of 2023.

Business Confidence in Spain is expected to be 1.80 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
2023-01-30 12:00 PM Jan -4.3 -5.1 -4
2023-02-27 12:00 PM Feb -6 -4.2 -1.2
2023-03-30 11:00 AM Mar -6 -4.5


Related Last Previous Unit Reference
Business Confidence -6.00 -4.20 points Feb 2023
Capacity Utilization 77.09 77.17 percent Mar 2023

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
-6.00 -4.20 9.50 -38.20 1980 - 2023 points Monthly
SA

News Stream
Spain Industrial Sentiment Negative for 8th Month
The industry confidence indicator in Spain fell to -6 in February of 2023 from a revised -4.2 in January, remaining in negative territory for the eighth consecutive month as a consequence of the tensions arising from the war between Russia and Ukraine and the escalation of prices. Output expectations decreased (4.1 vs 7.8 in January) and stocks of finished products increased sharply (12.9 vs 7.1) while new orders declined at a slower pace (-9.2 vs -13.4).
2023-02-27
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