Spain: Economic sentiment falls to 10-month low in February
Economic sentiment came in at 102.4 in February, down from January’s 102.6. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
Confidence in the services sector weakened in February. However, sentiment in the industrial sector rose, as did sentiment in the construction and retail sectors. Lastly, consumer confidence increased in February.
Referring to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in February.