November 25, 2019

Chart of the Week: Spanish sentiment slips, but growth likely to hold up

by Fathom Consulting.

Fathom’s Economic Sentiment Indicators (ESIs) aim to distil the messages from numerous surveys into a single composite measure of underlying sentiment. Since 2017, there has been a gap between hard and soft economic data in Spain, as in other countries, but this is now starting to close, with Fathom’s Spanish ESI falling 0.2 percentage points to 0.6% in October. However, this is unlikely to represent a major turning point for the outlook for the Spanish economy. Indeed, domestic demand — the main driver of Spanish growth since the crisis — remains robust, increasing by 1.1% in the last quarter. This trend is likely to continue in the coming quarters, especially if household incomes continue to rise and employment converges towards its pre-crisis level.

Refresh the chart in your browser Edit chart in Datastream



Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.

Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.

Get In Touch


We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×