Spain’s Business Confidence Declines in Q4 2023

In the latest press release from Spain, the Harmonized Business Confidence Index (ICEA) has experienced a 2.0% decline in the fourth quarter of 2023 compared to the previous quarter. The data reveals that 19.2% of surveyed businesses anticipate a favorable quarter, while 18.9% express pessimism about the trajectory of their operations.

The Harmonized Business Confidence Index stands at 133.2, reflecting the overall sentiment among businesses in Spain. This downturn comes amidst a backdrop of varying expectations within the business community, emphasizing the challenges and uncertainties prevailing in the economic landscape.

Stay tuned for further updates on Spain’s economic indicators and business outlook.