# Spanish business confidence fell 1.8% in the fourth quarter > The INE’s Business Confidence Indicator, released on 20 October, fell 1.8% in the fourth quarter of 2026 from the previous quarter. - Canonical URL: https://newsverum.com/en/news/spain-business-confidence-falls-q4-2026 - Publisher: Newsverum - Section: Economy - Country: Spain - Published: 2026-10-20T23:01:23+00:00 - Updated: 2026-10-20T23:01:23+00:00 - Event / data period: 2026-10 - Other editions: [Türkçe](https://newsverum.com/tr/news/spain-business-confidence-falls-q4-2026.md), [العربية](https://newsverum.com/ar/news/spain-business-confidence-falls-q4-2026.md), [Français](https://newsverum.com/fr/news/spain-business-confidence-falls-q4-2026.md), [Español](https://newsverum.com/es/news/spain-business-confidence-falls-q4-2026.md), [Deutsch](https://newsverum.com/de/news/spain-business-confidence-falls-q4-2026.md), [Português](https://newsverum.com/pt/news/spain-business-confidence-falls-q4-2026.md) A favourable quarter was expected by 20.5% of business establishments, while 14.8% anticipated an unfavourable course for their business. The indicator records managers’ expectations. The result comes from an expectations survey; it does not measure realized changes in output or sales. ## Data ### Indicator Business confidence change Methodology: Quarterly change published by INE; percentage change from the previous quarter. | Indicator | Percent | |---|---| | Q4 2026 vs previous quarter | -1.8 | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/spain-business-confidence-falls-q4-2026/data/release-statistic?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/spain-business-confidence-falls-q4-2026/data/release-statistic?lang=en&format=csv) ## Sources - [Instituto Nacional de Estadística (INE)]() (Source checked: 2026-10-21; Published: 2026-10-20) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)