FX.co ★ Spain Business Sentiment at Near 1-1/2-Year High

Spain's seasonally adjusted industry confidence indicator slightly improved to -3 in January 2026, marking the highest level since September 2024, up from -3.4 in December. Despite this increase, sentiment remains pessimistic. Companies noted a better outlook for order books, with a rise from -8.8 to -7.3. Concurrently, the growth in stock levels has slowed from 5.2 to 3.1. However, expectations for future production levels have diminished for the third straight month, decreasing from 3.7 to 1.4.