Spain EUR

Spain Consumer Confidence

Impact:
Medium

Latest Release:

Date:
Surprise:
-2.8
| EUR
Actual:
76.5
Forecast: 79.3
Previous/Revision:
79.6
Period: Apr

Next Release:

Date:
Period: May
What Does It Measure?
Spain's Consumer Confidence Index measures the degree of optimism that consumers feel regarding the overall economy and their personal financial situation. It primarily focuses on various factors such as economic conditions, job prospects, and future financial expectations which are key indicators of consumer spending behavior.
Frequency
The Consumer Confidence Index is released monthly, typically on the last working day of the month, and represents a preliminary estimate that may be subject to revision in subsequent releases.
Why Do Traders Care?
Traders monitor the Consumer Confidence Index as it is a key indicator of consumer spending, which constitutes a significant portion of economic activity; stronger confidence usually leads to increased spending on goods and services. High or improving consumer confidence can bolster currencies like the Euro (EUR) and support equity markets, while declining confidence may negatively impact these assets.
What Is It Derived From?
The index is derived from a survey that typically includes approximately 2,000 respondents aged 16 and older from a variety of regions in Spain. It assesses consumer opinions on current and future economic conditions, using weighted diffusion indices to represent overall sentiment.
Description
The Consumer Confidence Index is a significant economic measure that reflects individuals' perceptual and emotional outlook on the economy, making it crucial for forecasting consumer behavior. Its preliminary results can lead to immediate market reactions, while final figures are often scrutinized for their accuracy and implications on broader economic trends.
Additional Notes
As a coincident economic indicator, the Consumer Confidence Index can signal trends in economic performance and correlates well with retail sales and overall economic growth. It is essential for understanding consumer sentiment not only in Spain but in relation to other European economies, especially in times of uncertainty.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
76.5
79.3
79.6
-2.8
79.6
81
81.4
-1.4
81.4
84.4
84.9
-3
84.9
86
85
-1.1
85
80
80.6
5
80.6
79.5
79.6
1.1
79.6
85
84.8
-5.4
84.8
89
89.4
-4.2
89.4
87.5
88.4
1.9
88.4
83
83.8
5.4
83.8
89
84.5
-5.2
84.5
85
82.5
-0.5
82.5
84
78.5
-1.5
78.5
80
78.6
-1.5
78.6
78
77.6
0.6
77.6
78
76.7
-0.4
76.7
72
70.5
4.7
 
76
77.2
 
93.2
94.4
77.2
94
94.4
-16.8
94.4
85.7
92.4
8.7
92.4
79.4
81.5
13
81.5
75
73
6.5
73
78.9
67.4
-5.9
67.4
74
71.6
-6.6
71.6
75
73
-3.4
73
59.3
68
13.7
68
65
60.5
3
60.5
55
54.7
5.5
54.7
55.1
55.7
-0.4
55.7
54
55.5
1.7
55.5
60.1
65.8
-4.6
65.8
68
76
-2.2
76
55.8
74.6
20.2
74.6
51.5
53.8
23.1
53.8
77.4
89.8
-23.6
89.8
91.2
89.3
-1.4
89.3
81.1
81.3
8.2
81.3
85
84.6
-3.7
84.6
82
97.3
2.6
97.3
96.5
98.3
0.8
98.3
92
91.6
6.3
91.6
92.5
91.9
-0.9
91.9
99.1
97.5
-7.2
97.5
91
89
6.5
89
79.5
77.8
9.5
77.8
76
73
1.8
73
69
65.9
4
65.9
59.5
55.7
6.4
55.7
61.9
63.1
-6.2
63.1
57.8
55.7
5.3
55.7
47
48.5
8.7
48.5
44.9
49.5
3.6
49.5
51.5
49.9
-2
49.9
47
53.1
2.9
53.1
57.4
60.7
-4.3
60.7
54
52.9
6.7
52.9
52.3
49.9
0.6
49.9
45.9
63.3
4
63.3
68.5
85.7
-5.2
85.7
87.6
87.2
-1.9
87.2
76.9
77.7
10.3
77.7
75
77.4
2.7
77.4
71.5
73.3
5.9
73.3
78
80.7
-4.7
80.7
85
86
-4.3
86
98.2
97
-12.2
97
101.5
102.3
-4.5
102.3
95.1
96.9
7.2
96.9
96
97
0.9
97
92.9
93.9
4.1
93.9
92.5
96.1
1.4
96.1
92
93.8
4.1
93.8
91.5
90.9
2.3
90.9
92.5
91.4
-1.6
91.4
95.1
93
-3.7
93
92
90.6
1
90.6
103.2
102.4
-12.6
102.4
104.6
106.1
-2.2
106.1
105.1
107
1
107
97.5
97.7
9.5
97.7
101.7
99.9
-4
99.9
100.2
98.6
-0.3
98.6
99.29
99.7
-0.69
99.7
101.8
102.3
-2.1
102.3
102.9
102.5
-0.6
102.5
101
100.5
1.5
100.5
98.4
99.6
2.1
99.6
102.5
103.2
-2.9
103.2
109.1
108.8
-5.9
108.8
107.9
108.3
0.9
108.3
105.5
105.8
2.8
105.8
105.9
105.4
-0.1
105.4
107
106.7
-1.6
106.7
100.1
99.7
6.6
99.7
94.7
95.1
5
95.1
97.8
98.3
-2.7
98.3
99.76
100.7
-1.46
100.7
97.56
99.4
3.14
99.4
95.1
90.7
4.3
90.7
93.6
91
-2.9
91
98.2
97.3
-7.2
97.3
92.9
94.8
4.4
94.8
94.5
96.3
0.3
96.3
88.6
90.7
7.7
90.7
89.4
91
1.3
91
91.1
92.6
-0.1
92.6
94.3
95.2
-1.7
95.2
98.5
99.1
-3.3
99.1
106.22
107.4
-7.12
107.4
104.37
104.6
3.03
104.6
99.5
99.8
5.1
99.8
104.76
106.1
-4.96
106.1
104.78
105.9
1.32
105.9
101.5
105.6
4.4
105.6
101.9
101.4
3.7
101.4
104.7
103.1
-3.3
103.1
102.97
101.8
0.13
101.8
101.68
100.4
0.12