Spain: Economic sentiment increases in July
Latest reading: Economic sentiment rose to 104.3 in July from June’s 102.1. As such, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
According to available data, the improvement was driven by stronger confidence in the construction sector. Moreover, sentiment in the industrial sector increased.
Considering indicators that are not used to calculate the index, employment expectations strengthened, while the economic uncertainty index fell in July.