Spain Business Confidence

Info

History

Chart

Impact:

Medium

Source: Ministerio de Industria, Energia Y Turismo

Latest Release:

Date:

Surprise:

-0.5

EUR

Actual:

-4.2

Forecast: -3.7

Previous/Revision:

-4.1

Period: May

Next Release:

Date:

Forecast: -7

Period: Jun

What Does It Measure?

Spain's Business Confidence Index measures the sentiment of businesses regarding the economic climate and future prospects for their operations within the country. The primary focus is on assessing expectations related to production, employment, sales, and investment, with key indicators including the current assessment of business conditions and future expectations broken down into specific sectors, making it a national indicator.

Frequency

This index is released quarterly and typically presents preliminary estimates, with the typical release date occurring in the last week of the quarter.

Why Do Traders Care?

Traders monitor the Business Confidence Index due to its implications for economic growth and market potential, as improving business sentiment can lead to increased investment and spending, positively affecting stock prices and the euro. Conversely, lower-than-expected results may indicate economic stagnation or contraction, impacting currency movements and investor behavior negatively.

What Is It Derived From?

The index is derived from surveys conducted among a diverse group of business leaders across various sectors, capturing their perceptions of economic conditions and future expectations. The data collection methodology involves a weighting system to ensure representation across industries, using diffusion indices to gauge sentiment levels in a quantifiable manner.

Description

The Spain Business Confidence Index provides insight into the national economic outlook by reflecting how businesses feel about their current environment and future opportunities. It serves as a coincident economic indicator, as improved confidence can lead to increased business activities, while declining confidence may signal economic troubles.

Additional Notes

This index is often compared to other economic indicators, such as consumer confidence and purchasing managers' indices, offering a comprehensive picture of economic conditions. As a coincident indicator, it aligns closely with the economic cycle, allowing traders and policymakers to gauge potential shifts in economic momentum.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 27, 2025	-4.2	-3.7	-4.1	-0.5
Apr 30, 2025	-4.1	-6	-4.8	1.9
Mar 28, 2025	-5.4	-6	-6.3	0.6
Feb 28, 2025	-6.2	-5.4	-4.7	-0.8
Jan 30, 2025	-5.1	-5	-4.5	-0.1
Jan 09, 2025	-4.6	-4.6	-5.1
Nov 28, 2024	-4.9	-8.5	-7.9	3.6
Oct 30, 2024	-8.1	-0.5	-1.3	-7.6
Sep 27, 2024	-0.7	-3	-3.5	2.3
Aug 29, 2024	-3.6	-4	-4.2	0.4
Jul 30, 2024	-4.2	-6	-5.7	1.8
Jun 27, 2024	-5.7	-5	-6.2	-0.7
May 30, 2024	-6.3	-3.3	-4.3	-3
Apr 29, 2024	-3.9	-4.8	-4.7	0.9
Mar 27, 2024	-5.4	-6	-4.5	0.6
Feb 28, 2024	-4.5	-4.8	-5.4	0.3
Jan 30, 2024	-5.6	-6	-6.7	0.4
Jan 05, 2024	-6.8	-9.4	-9.4	2.6
Nov 29, 2023	-9.6	-9	-8.7	-0.6
Oct 30, 2023	-8.7	-9	-8.8	0.3
Sep 28, 2023	-8.7	-7	-6.6	-1.7
Aug 30, 2023	-6.6	-14	-9.4	7.4
Jul 28, 2023	-9.5	-3.9	-8.5	-5.6
Jun 29, 2023	-8.3	-1.6	-5.4	-6.7
May 30, 2023	-5.1	-1.7	-1.3	-3.4
Apr 27, 2023	-1.3	-2.2	-2.9	0.9
Mar 30, 2023	-2.9	-4.5	-5.8	1.6
Feb 27, 2023	-6	-1.2	-4.2	-4.8
Jan 30, 2023	-4.3	-4	-5.1	-0.3
Jan 05, 2023	-5.1	-8	-7.6	2.9
Nov 29, 2022	-7.7	-3.9	-4.2	-3.8
Oct 28, 2022	-4.6	-9.2	-5.7	4.6
Sep 29, 2022	-5.6	-8.5	-6.1	2.9
Aug 30, 2022	-6.1	-5.9	-5.3	-0.2
Jul 28, 2022	-5.2	-0.6	2.3	-4.6
Jun 29, 2022	2.4	0.7	1.5	1.7
May 30, 2022	1.5	-1.2	-0.6	2.7
Apr 28, 2022	-0.6	4.9	5.1	-5.5
Mar 30, 2022	5.3	4	10	1.3
Feb 25, 2022	10.4	6.5	6.9	3.9
Jan 28, 2022	6.7	5.5	5.9	1.2
Jan 07, 2022	5.9	3.1	3.8	2.8
Nov 29, 2021	4.4	3.1	4.4	1.3
Oct 28, 2021	4.4	1.7	2.2	2.7
Sep 29, 2021	2.1	1	1.3	1.1
Aug 30, 2021	1.2	1.5	2	-0.3
Jul 29, 2021	1.9	2.5	-0.9	-0.6
Jun 29, 2021	-1.1	5	1	-6.1
May 28, 2021	1.1	2	-0.9	-0.9
Apr 29, 2021	-1.9	-2	-3.4	0.1
Mar 30, 2021	-3.7	-2.3	-6.4	-1.4
Feb 25, 2021	-6.4	-2.8	-3.8	-3.6
Jan 28, 2021	-3.6	-8.7	-7.6	5.1
Jan 08, 2021	-7.6	-8	-7.7	0.4
Nov 27, 2020	-7.7	-10	-9.2	2.3
Oct 29, 2020	-9.2	-12	-9.5	2.8
Sep 29, 2020	-9.1	-14	-10	4.9
Aug 28, 2020	-9.8	-10	-11.6	0.2
Jul 30, 2020	-11.5	-22	-23.1	10.5
Jun 29, 2020	-23.4	-27	-33	3.6
May 28, 2020	-33	-32	-35.1	-1
Apr 29, 2020	-35.1	-40	-7.1	4.9
Mar 30, 2020	-7	-16	-3.9	9
Feb 27, 2020	-3.7	-6.8	-5.6	3.1
Jan 30, 2020	-5.6	-2.3	-1.9	-3.3
Jan 08, 2020	-1.9	-4	-3.2	2.1
Nov 28, 2019	-3.5	-10	-9	6.5
Oct 30, 2019	-8.9	-6	-5.5	-2.9
Sep 27, 2019	-5.3	-0.4	1.3	-4.9
Aug 29, 2019	1.4	-3.2	-2.8	4.6
Jul 30, 2019	-2.8	-4	-3.7	1.2
Jun 27, 2019	-3.7	-3.8	-3.3	0.1
May 28, 2019	-3.3	-4.6	-3.7	1.3
Apr 29, 2019	-3.8	-3.2	-2.4	-0.6
Mar 28, 2019	-2.3	-6.2	-4.7	3.9
Feb 27, 2019	-4.9	-6.7	-4.3	1.8
Jan 30, 2019	-4.1	-3.6	-2.8	-0.5
Jan 08, 2019	-2.7	0.5	0	-3.2
Nov 29, 2018	-0.2	-3	-1.9	2.8
Oct 30, 2018	-2.5	-2	-3.6	-0.5
Sep 27, 2018	-3.7	-2.6	-4.8	-1.1
Aug 30, 2018	-4.3	0.5	-2.1	-4.8
Jul 30, 2018	-1.9	-0.3	0	-1.6
Jun 28, 2018	0.2	4.5	1.1	-4.3
May 30, 2018	2.1	3.2	5.5	-1.1
Apr 27, 2018	5.5	2.5	2.9	3
Mar 27, 2018	2.9	4.2	3.9	-1.3
Feb 27, 2018	3.9	3.2	3.7	0.7
Jan 30, 2018	3.7	2.8	2.6	0.9
Jan 09, 2018	2.6	2.1	3.2	0.5
Nov 30, 2017	2.5	1.1	2.5	1.4
Oct 30, 2017	2.5	-0.3	2.1	2.8
Sep 28, 2017	2.1	-0.8	-0.4	2.9
Aug 30, 2017	-0.4	-1.6	-1.7	1.2
Jul 28, 2017	-1.8	1.8	2	-3.6
Jun 29, 2017	2.1	0.9	0.5	1.2
May 30, 2017	0.5	0.7	0.1	-0.2
Apr 27, 2017	0.1	-1.13	-1.3	1.23
Mar 30, 2017	-1	1.5	2.1	-2.5
Feb 27, 2017	1.9	-1.2	-0.6	3.1
Jan 31, 2017	-0.7	-0.65	-2.6	-0.05
Jan 09, 2017	-2.8	-0.4	0.1	-2.4
Nov 30, 2016	0.3	-2.4	-1.3	2.7
Oct 31, 2016	-1.4	-2.7	-2.9	1.3
Sep 30, 2016	-3	-3.3	-4.6	0.3
Aug 30, 2016	-4.7	-3.8	-2.8	-0.9
Aug 01, 2016	-2.8	-2.4	-1.2	-0.4
Jun 30, 2016	-1.2	-3.9	-3	2.7
May 30, 2016	-3.6	-2.4	-2.1	-1.2
Apr 29, 2016	-2.1	-1.55	-1.6	-0.55
Mar 31, 2016	-1.9	-0.98	-2.3	-0.92
Feb 29, 2016	-2.2	-2.5	-1.8	0.3
Jan 29, 2016	-1.7	2.1	2.4	-3.8
Jan 07, 2016	2.4	-2.05	-2.1	4.45
Nov 30, 2015	-2.7	-1.84	-2.2	-0.86
Oct 30, 2015	-2.1	-0.73	0	-1.37
Sep 30, 2015	0	0.81	0.3	-0.81
Aug 28, 2015	0.3	-2.3	-0.9	2.6
Jul 31, 2015	-0.9	1.14	-0.1	-2.04
Jun 30, 2015	0.9	2.1	1.4	-1.2
May 29, 2015	1.4	0.1	0	1.3