Spain Consumer Confidence

Country:
Spain
EUR, Euro
Sector:
Consumer
Low 80.7 96.6
86
Last release Importance Actual Forecast
Previous
87.4
80.7
Next release Actual Forecast
Previous
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The Consumer Confidence Index reflects the level of consumer confidence in the stability of the country's economy. The index is compiled based on the monthly telephone survey of 2,000 citizens over the age of 16 representing Spain's different population segments. The survey enables the evaluation of the average economic condition, purchasing power and consumer confidence level. The results are processed by the Center for Sociological Research (Centro de Investigaciones Sociológicas, CIS), which is an autonomous institution subordinate to the Presidential Administration.

The Consumer Confidence Index is comprised of two indicators:

  • The current situation index which is based on consumers' assessment of the current economic situation compared to the situation six months ago.
  • The consumer expectation index which demonstrate consumers' forecast for the next six months.

A strong consumer confidence report, especially when economy slows down, can sharply push currency markets. The growth of consumer confidence may suggest that people will spend more and will make large purchases (for example, a car or a house). This will lead to an increase in economic activity and an increase in consumer spending. Also, the growth of consumer spending may lead to inflationary growth. The ultimate goal of this index, among a large variety of other economic indices calculated by Spanish organizations, is to create a useful tool for interpreting and predicting changes in the purchasing power of Spanish population. Therefore, the Consumer Confidence Index is usually closely monitored by professional economists.

However, consumer confidence is a very subjective estimate, which depends on the current mood. Therefore, the results should be interpreted cautiously. Many economists evaluate the moving average of the index over 3 to 6 months. If it shows a steady growth or decline, analysts speak of a trend. A higher than expected index growth may cause a short-term euro volatility in the upward direction.

Last values:

actual data

forecast

The chart of the entire available history of the "Spain Consumer Confidence" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2019
80.7
96.6
86
Aug 2019
86
96.6
97
Jul 2019
97
105.4
102.3
Jun 2019
102.3
101.3
96.9
May 2019
96.9
90.3
97
Apr 2019
97
92.5
93.9
Mar 2019
93.9
91.5
96.1
Feb 2019
96.1
90.6
93.8
Jan 2019
93.8
88.9
90.9
Dec 2018
90.9
91.4
Nov 2018
91.4
93
Oct 2018
93
90.6
Sep 2018
90.6
102.4
Aug 2018
102.4
106.1
Jul 2018
106.1
107
Jun 2018
107
97.7
May 2018
97.7
99.9
Apr 2018
99.9
98.6
Mar 2018
98.6
99.7
Feb 2018
99.7
102.3
Jan 2018
102.3
102.5
Dec 2017
102.5
100.5
Nov 2017
100.5

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