Spain: Economic sentiment rises to over two-year high in August
Economic sentiment rose to 105.4 in August from July’s 104.1. August’s result marked the best reading since February 2022. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected improved sentiment in the industrial, services and retail sectors. That said, consumer confidence and sentiment in the construction sector weakened in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in August.