Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Spain
BVCICP02ESM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.50
Year-over-Year Change
17.02%
Date Range
10/1/1996 - 9/1/2024
Summary
The Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Spain measures the sentiment and expectations of service sector businesses in Spain.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the overall confidence and outlook of the Spanish service industry, providing insight into the health and trajectory of a critical segment of the economy.
Methodology
The data is collected through surveys of service sector companies in Spain.
Historical Context
This indicator is used by policymakers and analysts to assess the state of the Spanish economy.
Key Facts
- The index ranges from 0 to 200, with 100 indicating neutral sentiment.
- Spain's service sector accounts for over 60% of its GDP.
- The indicator is released monthly by the Bank of Spain.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall confidence and outlook of service sector businesses in Spain, providing insight into the health and trajectory of this critical segment of the economy.
Q: Why is this trend relevant for users or analysts?
A: The Business Tendency Surveys for Spain's service sector are a key economic indicator used by policymakers and analysts to assess the state of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service sector companies in Spain.
Q: How is this trend used in economic policy?
A: This indicator is used by the Spanish government and central bank to inform economic policy decisions and monitor the health of the service industry.
Q: Are there update delays or limitations?
A: The indicator is released monthly by the Bank of Spain with no significant update delays.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Spain (BVCICP02ESM460S), retrieved from FRED.