Spain Business Confidence Growth
1994 - 2025 | Monthly | % Point | CEIC Data
Key information about Spain Business Confidence Growth
- Spain Business Confidence grew 2.0 % in Nov 2025, compared with an increase of 3.6 % YoY in the previous month.
- Spain Business Confidence: YoY Change is updated monthly, available from Jan 1994 to Nov 2025, with an averaged rate of 12.4 %.
- The data reached an all-high of 34.5 % in Apr 2021 and a record low of -35.5 % in Dec 2008.
CEIC calculates Business Confidence Change from monthly Industrial Confidence Indicator. The Ministry of Industry, Trade and Tourism provides Industrial Confidence Indicator with range from -100 to 100 with neutral point 0.
View Spain's Business Confidence Growth from Jan 1994 to Nov 2025 in the chart:
What was Spain's Business Confidence Growth in Nov 2025?
Spain Business Confidence grew 2.0 % in Nov 2025, compared with an increase of 3.6 % YoY in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.0 Nov 2025 | 3.6 Oct 2025 | -35.5 Dec 2008 | 34.5 Apr 2021 | % Point | monthly | Jan 1994 - Nov 2025 |
Business Confidence Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% Point) | -3.5 Dec 2025 | quarterly | Jun 2017 - Dec 2025 |
| Armenia (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
| Australia (% Point) | 5.0 Dec 2025 | monthly | Jul 2013 - Dec 2025 |
| Austria (% Point) | 7.0 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Belarus (% Point) | -9.6 Aug 2014 | monthly | Dec 2006 - Aug 2014 |
| Belgium (% Point) | 8.0 Jan 2026 | monthly | Jan 1981 - Jan 2026 |
| Brazil (% Point) | -9.2 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Bulgaria (% Point) | -3.0 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Canada (% Point) | 7.6 Jan 2026 | monthly | Dec 2001 - Jan 2026 |
| Chile (% Point) | 6.2 Jan 2026 | monthly | Nov 2004 - Jan 2026 |
| China (% Point) | 0.4 Jan 2026 | monthly | Jan 2006 - Jan 2026 |
| Colombia (% Point) | -0.5 Dec 2025 | monthly | Jan 1981 - Dec 2025 |
| Croatia (% Point) | -2.6 Jan 2026 | monthly | May 2009 - Jan 2026 |
| Cyprus (% Point) | -12.0 Jan 2026 | monthly | May 2003 - Jan 2026 |
| Czech Republic (% Point) | -1.5 Jan 2026 | monthly | Mar 1994 - Jan 2026 |
| Denmark (% Point) | -24.3 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Ecuador (% Point) | 6.0 Dec 2025 | monthly | Feb 2011 - Dec 2025 |
| Estonia (% Point) | 1.4 Nov 2025 | monthly | May 2002 - Nov 2025 |
| European Union (% Point) | 3.9 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Finland (% Point) | 6.5 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| France (% Point) | 9.7 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Georgia (% Point) | 12.2 Mar 2026 | quarterly | Dec 2014 - Mar 2026 |
| Germany (% Point) | 9.6 Dec 2025 | monthly | Jan 1992 - Dec 2025 |
| Ghana (%) | 11.5 Dec 2025 | monthly | Dec 2013 - Dec 2025 |
| Greece (% Point) | -2.8 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Hong Kong SAR, China (% Point) | 7.0 Mar 2026 | quarterly | Mar 2009 - Mar 2026 |
| Hungary (% Point) | 2.5 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Iceland (% Point) | -129.4 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| India (% Point) | 2.8 Mar 2026 | quarterly | Jun 2001 - Mar 2026 |
| Indonesia (% Point) | 3.0 Mar 2026 | quarterly | Mar 2011 - Mar 2026 |
| Israel (% Point) | -4.8 Jan 2026 | monthly | Jan 2016 - Jan 2026 |
| Italy (% Point) | 2.5 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Japan (% Point) | 3.0 Mar 2026 | quarterly | Mar 2005 - Mar 2026 |
| Kazakhstan (% Point) | 1.0 Dec 2024 | quarterly | Mar 2009 - Dec 2024 |
| South Korea (% Point) | 7.0 Feb 2026 | monthly | Feb 2004 - Feb 2026 |
| Latvia (% Point) | 2.1 Nov 2025 | monthly | Apr 1994 - Nov 2025 |
| Lithuania (% Point) | 3.3 Jan 2026 | monthly | Apr 2004 - Jan 2026 |
| Luxembourg (% Point) | -14.3 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| North Macedonia (% Point) | -2.9 Dec 2022 | monthly | Apr 2002 - Dec 2022 |
| Malaysia (% Point) | 25.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Malta (% Point) | 37.8 Jan 2026 | monthly | Nov 2003 - Jan 2026 |
| Mauritius (% Point) | -9.1 Jun 2019 | quarterly | Mar 2011 - Jun 2019 |
| Mexico (% Point) | -4.6 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Mozambique (% Point) | 8.9 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| Netherlands (% Point) | 0.5 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| New Zealand (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Nigeria (% Point) | 13.0 Dec 2025 | monthly | Jul 2015 - Dec 2025 |
| Norway (% Point) | 6.1 Nov 2025 | monthly | Feb 2005 - Nov 2025 |
| Palestinian Territory (% Point) | 3.9 Oct 2025 | monthly | Apr 2014 - Oct 2025 |
| Peru (% Point) | 7.9 Jan 2026 | monthly | Apr 2003 - Jan 2026 |
| Philippines (% Point) | -15.2 Dec 2025 | quarterly | Jun 2002 - Dec 2025 |
| Poland (% Point) | 3.8 Nov 2025 | monthly | Jul 2006 - Nov 2025 |
| Portugal (% Point) | 1.9 Jan 2026 | monthly | Jan 1988 - Jan 2026 |
| Qatar (% Point) | -3.6 Mar 2020 | quarterly | Jun 2015 - Mar 2020 |
| Romania (% Point) | -0.1 Jan 2026 | monthly | Jul 1992 - Jan 2026 |
| Russia (% Point) | -4.0 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Serbia (% Point) | -5.4 Jan 2026 | monthly | May 2014 - Jan 2026 |
| Singapore (% Point) | -0.8 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Slovakia (% Point) | 0.7 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Slovenia (% Point) | 5.3 Jan 2026 | monthly | May 1996 - Jan 2026 |
| South Africa (% Point) | 5.9 Jan 2026 | monthly | Sep 2000 - Jan 2026 |
| Spain (% Point) | 2.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Sri Lanka (% Point) | 5.8 Oct 2025 | monthly | May 2016 - Oct 2025 |
| Sweden (% Point) | 5.8 Jan 2026 | monthly | Nov 1995 - Jan 2026 |
| Switzerland (% Point) | 2.8 Jan 2026 | monthly | Jan 1996 - Jan 2026 |
| Taiwan, China (% Point) | -3.2 Mar 2018 | monthly | May 2013 - Mar 2018 |
| Thailand (% Point) | 1.2 Jan 2026 | monthly | Feb 2000 - Jan 2026 |
| Turkey (% Point) | 0.4 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| Ukraine (% Point) | 3.6 Sep 2025 | quarterly | Sep 2013 - Sep 2025 |
| United Kingdom (% Point) | 8.4 Dec 2020 | monthly | Jan 1986 - Dec 2020 |
| United States (% Point) | 4.2 Jan 2026 | monthly | Jan 1949 - Jan 2026 |
| Uruguay (% Point) | -6.8 Oct 2025 | monthly | Oct 1999 - Oct 2025 |
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Learn more about what we doSpain Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.9 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 18,617.397 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Tax Revenue (USD mn) | 395,586.695 2024 | yearly | 1995 - 2024 |
| Tax Revenue: % of GDP (%) | 22.9 2024 | yearly | 1995 - 2024 |
| National Government Debt (USD mn) | 2,005,898.9 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Government Debt: % of GDP (%) | 103.2 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Forecast: Government Expenditure (EUR bn) | 907.039 2030 | yearly | 1980 - 2030 |
| Forecast: Government Net Debt (EUR bn) | 1,899.352 2030 | yearly | 1980 - 2030 |
| Forecast: Government Revenue (EUR bn) | 865.656 2030 | yearly | 1980 - 2030 |
| General Govt Debt: Securities excl Shares: Long Term (EUR mn) | 1,449,048.924 Sep 2025 | quarterly | Dec 1994 - Sep 2025 |
| General Govt Debt: Loans: Short Term (EUR mn) | 5,864.587 Sep 2025 | quarterly | Dec 1994 - Sep 2025 |
| General Govt Debt: Loans: Long Term (EUR mn) | 179,872.851 Sep 2025 | quarterly | Dec 1994 - Sep 2025 |
| General Govt Debt: Securities excl Shares: Short Term (EUR mn) | 69,053.565 Sep 2025 | quarterly | Dec 1994 - Sep 2025 |
| Public Debt: % of Nominal GDP (%) | 103.200 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| General Govt Debt (EUR mn) | 1,709,330.098 Sep 2025 | quarterly | Mar 1994 - Sep 2025 |
| State Government Revenue: ytd (EUR mn) | 284,376.000 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| State Government Budget Balance: ytd (EUR mn) | -30,917.000 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| State Government Expenditure: ytd: Current (EUR mn) | 290,175.000 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| State Government Revenue: ytd: Current: Taxes on Production: Products Tax: VAT (EUR mn) | 92,031.000 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| State Government Expenditure: ytd: Capital (EUR mn) | 25,118.000 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| State Government Expenditure: ytd (EUR mn) | 315,293.000 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.385 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -6,368.1 Nov 2025 | monthly | Dec 1975 - Nov 2025 |
| Total Exports (USD mn) | 39,820.9 Oct 2025 | monthly | Nov 1975 - Oct 2025 |
| Total Exports Growth (%) | -1.0 Nov 2025 | monthly | Dec 1976 - Nov 2025 |
| Aluminum: Exports (USD th) | 3,641,071.563 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 13,790,056.105 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 5,248,398.853 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 41,933.6 Nov 2025 | monthly | Dec 1975 - Nov 2025 |
| Total Imports Growth (%) | 4.4 Oct 2025 | monthly | Nov 1976 - Oct 2025 |
| Imports: Medicament (USD th) | 15,521,418.858 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 8,121,038.202 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 1,586.316 Oct 2025 | monthly | Jan 1960 - Oct 2025 |
| Total Imports from USA (USD mn) | 2,462.603 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Total Exports to China (USD mn) | 704.637 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Total Imports from China (USD mn) | 5,129.675 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Exports: Consumer Goods: Food, Beverages and Tobacco (EUR th) | 5,101,084.721 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Exports (EUR th) | 32,158,422.710 Nov 2025 | monthly | Jan 1962 - Nov 2025 |
| Exports: Consumer Goods: Others: Durable: Automobiles (EUR th) | 3,621,911.549 Oct 2025 | monthly | Jan 1981 - Oct 2025 |
| Exports: Intermediate Goods: Industrial Products: Chemicals (EUR th) | 3,873,894.026 Oct 2025 | monthly | Jan 1981 - Oct 2025 |
| Exports: Intermediate Goods: Industrial Products: Minerals (EUR th) | 2,985,688.801 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Exports: Europe: France (EUR th) | 4,380,606.167 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Exports: Europe: Italy (EUR th) | 2,704,537.465 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Exports: Europe: Germany (EUR th) | 3,507,606.564 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Exports: Intermediate Goods: Industrial Products: Materials for Transportation P... (EUR th) | 1,741,198.381 Dec 2024 | monthly | Jan 1981 - Dec 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.8 Nov 2025 | monthly | Jan 1962 - Nov 2025 |
| Household Debt: % of GDP (%) | 46.7 Sep 2025 | quarterly | Dec 1989 - Sep 2025 |
| Non-Performing Loans (USD mn) | 39,684.370 Nov 2025 | monthly | Jan 1962 - Nov 2025 |
| Money Supply M1 (USD mn) | 1,648,768.347 Dec 2025 | monthly | Jan 1962 - Dec 2025 |
| Money Supply M2 (USD mn) | 1,964,714.378 Dec 2025 | monthly | Jan 1962 - Dec 2025 |
| M2 Growth (%) | 5.1 Dec 2025 | monthly | Jan 1963 - Dec 2025 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 67,941.2 Jan 2026 | monthly | Jan 1987 - Jan 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 3.483 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.6 Nov 2025 | monthly | Jan 1987 - Nov 2025 |
| Gold Reserves (USD mn) | 37,913.252 Nov 2025 | monthly | Dec 1956 - Nov 2025 |
| Total Deposits (USD mn) | 1,674,615.017 Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Total Deposits Growth (%) | 5.1 Sep 2025 | monthly | Jan 2004 - Sep 2025 |
| Domestic Credit (USD mn) | 0.0 May 2025 | monthly | Jan 1999 - May 2025 |
| Domestic Credit Growth (%) | -100.0 May 2025 | monthly | Jan 2000 - May 2025 |
| Debt Service Ratio: Households (%) | 5.100 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 12.100 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 842.867 Jun 2025 | quarterly | Dec 1980 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 2,355.362 Jun 2025 | quarterly | Mar 1970 - Jun 2025 |
| Household Debt (USD mn) | 907,978.6 Sep 2025 | quarterly | Dec 1989 - Sep 2025 |
| Total Loans (USD mn) | 2,589,702.151 Dec 2025 | monthly | Dec 1989 - Dec 2025 |
| Total Loans Growth (%) | 5.86 Oct 2025 | monthly | Dec 1990 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 70.32 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Money Supply: Spain Contribution: M2 (EUR mn) | 1,674,092.000 Dec 2025 | monthly | Sep 1997 - Dec 2025 |
| Money Supply: Spain Contribution: M1 (EUR mn) | 1,404,881.000 Dec 2025 | monthly | Sep 1997 - Dec 2025 |
| Money Supply: Spain Contribution: M3 (EUR mn) | 1,763,313.000 Dec 2025 | monthly | Sep 1997 - Dec 2025 |
| Reserve Assets (EUR th) | 112,691,099.000 Jan 2026 | monthly | Jan 1987 - Jan 2026 |
| Reserve Assets: Foreign Exchange (EUR th) | 58,709,086.000 Dec 2025 | monthly | Jan 1987 - Dec 2025 |
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