Business · Economy · 14 hrs ago
Spanish firms report weaker Iran conflict impact on demand and investment
Spanish companies reported that the conflict in Iran had less effect on demand and investment in the third quarter of 2026 than in the previous quarter.
The findings come from the Bank of Spain’s survey of business activity.
The share reporting a negative effect on international demand fell to 27.8%, and the share reporting one on domestic demand fell to 33.7%.
The share saying uncertainty linked to the conflict harmed investment decisions also declined, to 40.9%.
Overall, firms’ sales rose slightly after seasonal effects were removed, while employment and investment remained subdued.
Energy-market effects continued to push up companies’ costs and selling prices, though those pressures eased somewhat.
For the fourth quarter, firms expect investment prospects to improve somewhat, and about half expect their sales to rise over the next year.
Spanish firms reported that the Iran conflict had less effect on demand and investment in the third quarter of 2026 than in the previous quarter.
The share reporting negative effects on international demand fell to 27.8%, while the share reporting negative effects on domestic demand fell to 33.7%.
The share saying uncertainty linked to the conflict had negatively affected investment decisions declined to 40.9%.
The Bank of Spain survey found moderate business activity growth, with a slight rise in seasonally adjusted turnover and contained employment and investment.
- Who
- Spanish firms surveyed by the Bank of Spain.
- What
- Firms reported a weaker perceived impact from the Iran conflict on demand and investment.
- When
- In the third quarter of 2026, compared with the second quarter.
- Where
- Spain.
- Why
- The survey assessed how the Iran conflict affected firms’ demand and investment decisions.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
30.3% of firms reported negative or very negative effects on international demand, 36.5% on domestic demand and 43.2% on investment decisions.
The corresponding shares fell to 27.8%, 33.7% and 40.9%.
Business expectations pointed to some improvement in investment prospects.
- Survey
- Bank of Spain’s Survey on Business Activity (EBAE)
- International demand
- 27.8% reported negative or very negative effects in the third quarter, down from 30.3%
- Domestic demand
- 33.7% reported negative or very negative effects in the third quarter, down from 36.5%
- Investment decisions
- 40.9% reported a negative effect linked to uncertainty, down from 43.2%
- Business activity
- Turnover rose slightly after seasonal effects were excluded in the third quarter of 2026
Sources
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