FX.co ★ Spain Business Sentiment Slips to 5-Month Low

Spain’s seasonally adjusted industrial confidence indicator fell to -4.2 in March 2026, down from an upwardly revised -2.7 in February. This marked the weakest level of business sentiment in five months, likely weighed down by ongoing tensions in the Middle East. Firms continued to report soft order books (-9.6 vs -9.9 in February) and a sharp deterioration in production expectations (1.3 vs 6.4), while stock levels edged down slightly (4.4 vs 4.6).