The index of consumer confidence produced by the National Credit Institute (ICO, Instituto de Credito Oficial) increased to 74.9 points in June from 74.3 points in May, marking the third consecutive month of gains in consumer confidence. As a result, consumer sentiment sits 9.0 points above the level observed in the same month the previous year. That said, despite the June increase, consumer confidence remains below the 100-point threshold that separates optimistic from pessimistic territory,. The slight improvement in consumer sentiment was driven by a better assessment of the current situation sub-index, especially in current employment, owing to the beginning of the summer season that brings about temporary hiring in the tourism sector. However, expectations deteriorated amid worsening perceptions of the economic outlook and employment, which suggests that private consumption going forward will remain weak in the months ahead.
Spain Consumer Confidence
Consumer confidence rises
July 4, 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).