Spain Business Confidence

Info

History

Chart

Impact:

Medium

Latest Release:

Surprise:

EUR1.9

EUR

Actual:

-4.1

Forecast: -6

Previous/Revision:

-4.8

Period: Apr 2025

Next Release:

Forecast:

Period: May 2025

What Does It Measure?

Spain Business Confidence measures the sentiment and outlook of Spanish businesses regarding their economic conditions. It focuses on key areas such as production expectations, order books, and stock levels, serving as a national indicator of business health and dynamics.

Frequency

This report is released monthly, typically as a final figure during the first week of the month following the data collection.

Why Do Traders Care?

Traders pay close attention to business confidence as it reflects economic health and future business performance, impacting investment decisions. Positive readings often boost specific sectors and currency, indicating economic growth, while negative data may result in bearish sentiment toward equities and the euro.

What Is It Derived From?

Spain Business Confidence is derived from surveys of Spanish business managers across sectors. These surveys assess current business conditions and expectations using a diffusion index methodology, where a reading above 100 indicates higher confidence compared to 50-50 neutrality.

Description

The Spain Business Confidence indicator helps gauge business sector sentiment, providing early insights into economic trends and potential changes in business activity. The preliminary data is an initial estimate based on responses from a limited number of companies, while the final data incorporates more complete information. Traders often react more significantly to preliminary figures due to their timeliness, though final figures might adjust market positioning and sentiment retrospectively.

Additional Notes

As a leading economic measure, Spain Business Confidence helps predict future economic activity and corresponds with other regional confidence indicators. This report is crucial for understanding the broader trends within the EU and Spain's role in the regional economy.

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.

Medium 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 'Forecast' 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
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