FX.co ★ Spain Business Pessimism Eases Further

The seasonally adjusted industry confidence indicator in Spain saw a modest rise to -5.4 in October 2025, compared to -5.6 in September. This slight enhancement can be attributed to a significant boost in production expectations, which climbed to 5.9 from 3. Additionally, the reduction in order books softened marginally, moving to -12.9 from -13.3. In the same period, inventories of finished products also experienced an uptick, reaching 9.2 compared to the previous 6.6.