FX.co ★ Spain Industrial Confidence Hits 14-Month High

The seasonally adjusted industry confidence indicator in Spain increased to -3.0 in November 2025, up from -5.4 in October, reaching its highest point since September 2024. This improvement was driven by a rise in new order inflows, which improved to -7.9 from -12.9, and a moderation in stock levels, which eased to 5.3 from 9.2. However, output expectations saw a slight decline, decreasing to 4.2 from 5.9.