Spain’s consumer confidence moved decisively into positive territory in March 2026, according to the latest Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) data. The headline indicator rose to 51.21 in March from 49.99 in February, pushing the reading above the neutral 50 mark.
On a month-over-month basis, the improvement signals a shift from mildly pessimistic to cautiously optimistic sentiment among Spanish consumers. February’s reading of 49.99 had already been close to parity, but the March uptick confirms a firmer recovery in confidence. The comparison framework used for the index shows that the current figure reflects the change from February to March, while the earlier data captured the move from January to February.
The updated data, released on 12 March 2026, will be closely watched by markets and policymakers for signs of sustained momentum in household sentiment, which can be an early indicator of trends in consumer spending and broader economic activity in Spain.
