Spanish companies the most optimistic in Europe
Sentiment regarding output is unchanged from the start of the year, reflecting further optimism around new order receipts.
Increased workloads are set to support continued job creation.
A net balance of +49% of companies in Spain predict business activity to rise over the next 12 months, unchanged from February’s survey.
Spanish firms are the most optimistic in Europe and the joint-highest globally (equal with Brazil).
Central to confidence among firms are improving economic conditions, not only in Spain but across Europe in general.
This is likely to help companies secure greater volumes of new orders and increase their business activity.
Potential threats to the generally positive outlook include global political instability, strong competition and rising input costs.
Service providers are more optimistic than manufacturing firms, with sentiment improving to the highest for two years (net balance +51%).
Manufacturers remain confident, albeit less so than at the start of the year (+43%). ■