The seasonally adjusted industrial confidence indicator in Spain came in at -1.6 in September 2026, up from -3.8 in the prior month. Although the indicator remained slightly below the neutral level, it reached its highest level since April 2023. It also remained above its long-term average. The 2.2-point monthly rise reflected a 1.9-point increase in production expectations, a 0.5-point rise in the order-book balance and a 4.2-point decline in stock levels. Production expectations, the only forward-looking component of the three underlying measures, recovered the decline recorded in August and moved back above their long-term average, while the order-book balance continued its broad upward trend, reaching its highest level since March 2023 and standing four points above its average since 2024. Stock levels fell significantly after rising for the previous three months. source: Ministerio de Industria, Energia Y Turismo

Business Confidence in Spain increased to -1.60 points in September from -3.80 points in August of 2026. Business Confidence in Spain averaged -9.58 points from 1980 until 2026, reaching an all time high of 9.50 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 October of 2026.

Business Confidence in Spain increased to -1.60 points in September from -3.80 points in August of 2026. Business Confidence in Spain is expected to be -4.30 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 -2.50 points in 2027 and -2.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-28 11:15 AM
Business Confidence
Aug -3.9 -2.6 -3
2026-09-29 11:05 AM
Business Confidence
Sep -1.6 -3.8 -4.3
2026-10-29 11:00 AM
Business Confidence
Oct -1.6 -2


Related Last Previous Unit Reference
Bankruptcies 1813.00 1814.00 Companies Jul 2026
Business Confidence -1.60 -3.80 points Sep 2026
Capacity Utilization 78.00 79.50 percent Sep 2026
Car Production 1477.00 1633.00 Hundred Units Aug 2026
Car Registrations 68544.00 101949.00 Units Aug 2026
Cement Production 1413.30 1678.91 Thousands of Tonnes Aug 2026
Changes in Inventories 2435.00 2069.00 EUR Million Jun 2026
Composite Leading Indicator 99.74 99.95 points Aug 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 177.72 0.44 EUR/MWh Oct 2026
Electricity Production 27717.44 24864.35 Gigawatt-hour Jul 2026
Industrial Production YoY 2.30 1.10 percent Jul 2026
Industrial Production Mom 0.60 -0.70 percent Jul 2026
Manufacturing Production 1.50 0.50 percent Jul 2026
Mining Production 17.30 30.30 percent Jul 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Oct 2026
Natural Gas Stocks Injection 73.41 73.41 GWh/d Oct 2026
Natural Gas Stocks Inventory 26.93 26.86 TWh Oct 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d Oct 2026
New Orders -5.80 -6.10 points Aug 2026
New Passenger Car Registrations YoY 11.80 7.80 percent Aug 2026
New Car Sales YoY 93854.00 68544.00 Units Sep 2026


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
-1.60 -3.80 9.50 -38.30 1980 - 2026 points Monthly
SA

News Stream
Spain Business Confidence Hits Near 3-1/2-Year High
The seasonally adjusted industrial confidence indicator in Spain came in at -1.6 in September 2026, up from -3.8 in the prior month. Although the indicator remained slightly below the neutral level, it reached its highest level since April 2023. It also remained above its long-term average. The 2.2-point monthly rise reflected a 1.9-point increase in production expectations, a 0.5-point rise in the order-book balance and a 4.2-point decline in stock levels. Production expectations, the only forward-looking component of the three underlying measures, recovered the decline recorded in August and moved back above their long-term average, while the order-book balance continued its broad upward trend, reaching its highest level since March 2023 and standing four points above its average since 2024. Stock levels fell significantly after rising for the previous three months.
2026-09-29
Spain Business Confidence Weakens to 4-Month Low
The seasonally adjusted industrial confidence indicator in Spain fell further to -3.9 in August 2026, the lowest since April, from -2.6 in the preceding month. The 1.3-point monthly decline reflected a 2.8-point increase in stock levels and a 1.4-point decrease in production expectations, partly offset by a 0.3-point rise in the order-book indicator. Inventories rose for the third consecutive month, while the gauge for order books reached its highest level since April 2023, standing 3.5 points above its average since 2024. Production expectations, the only forward-looking component of the three underlying measures, declined for a second consecutive month, falling below their long-term average. Even so, the ICI remains above its long-term average, as it has consistently done since December 2023, and is 2.2 points higher than in August 2025.
2026-08-28
Spain Business Confidence Softens
The seasonally adjusted industrial confidence indicator in Spain eased to -2.6 from the near two-year peak of -2.4 in the previous month. The pullback was centered around a 0.7 point decline in expectations of production over the next year, while price expectations rose by 1.2 points. Meanwhile, the index measuring order levels in the previous level rose by one point.
2026-07-30