Spain: Economic sentiment increases in April
Economic sentiment came in at 104.3 in April, up from March’s 102.0. April’s result marked the strongest sentiment since February 2022. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and healthier sentiment in the construction sector. Meanwhile, confidence in the services sector waned in April, while sentiment in the retail sector weakened in the surveyed month. Finally, consumer confidence rose in April.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in April.