Commerce Loses Confidence in February, While Industry Shows Slight Recovery
The Industrial Confidence Index (ICI) stood at 0.9% for February 2026. Photo: iStock
TL;DR
- The Índice de Confianza Comercial (ICCO) decreased by 3.4 percentage points to 22.6% in February 2026 compared to January.
- The decline in the ICCO was influenced by a 9.5 percentage point increase in stock levels and a 3.4 percentage point decrease in the perception of the current economic situation.
- The Índice de Confianza Industrial (ICI) increased by 2.4 percentage points to 0.9% in February 2026 compared to January.
- The improvement in the ICI was mainly due to a 4.7 percentage point reduction in inventory levels and a 3.4 percentage point increase in current order volumes.
- The results show a divergence between sectors, with commerce reporting a deterioration and industry showing a recovery.