In July, the quarterly business confidence index (ICE, Indicador de Confianza Empresarial) published by the Association of Chambers of Commerce (Consejo Superior de Camaras de Comercio) stepped up from minus 16.2 points in April to minus 9.2 points. This rise marked the second consecutive improvement and saw the index returning to levels comparable to the second quarter of 2008. Despite the July improvement, the index remains below the 0-point threshold that separates optimistic from pessimistic territory. Nonetheless, business sentiment hovers above the April 2009 trough, when the index plunged to minus 27.6 points. The improvement in business confidence was the result of a strengthening in the expectations sub-index for the next three months (July-October), which rose from minus 11.8 points in April to minus 5.9 points in July. The improvement reflected better perceptions regarding future business prospects, unemployment and exports, which continue to drive economic growth. In addition, the current situation sub-index improved markedly, owing to the start of the summer season, which boosts economic activity in the tourism sector.
Spain Business Confidence
Business confidence continues to improve in July
July 14, 2011
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Spain Economic News
October 7, 2016
In August, industrial production expanded 4.0% from the same month last year in working-day adjusted terms.
October 5, 2016
The Markit Purchasing Managers’ Index (PMI) Composite Output Index came in at 54.1 in September, which was slightly below August’s 54.8 reading.
September 30, 2016
Spain’s current account balance incurred a surplus of EUR 3.0 billion in July, which was above the EUR 2.7 billion surplus recorded in the same month of last year and marked the highest reading since December 2014.
September 29, 2016
In August, retail sales rose 4.9% over the same month last year as the discount season drew to an end.
September 29, 2016
In July, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,267 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento).