MAY 2022 45 In May 2022: • The Consumer Confidence Indicator increased, as it had already been so in the previous month after the sharp decline in March, the second-most intense of the series, only surpassed by the one registered in April 2020, at the beginning of the pandemic; • The balance of Consumers' expectations on future price developments decreased, similarly to what happened in the previous month, after having registered in March the largest increase of the series, which largely surpassed the previous maximum value; • The economic climate indicator decreased, after having increased slightly in April; Economic Climate Indicator Confidence indicators (BER*) (monthly seasonally adjusted basic series values) Consumers Confidence Indicator Manufacturing Industry Confidence Indicator The consumer confidence indicator increases while the economic climate indicator decreases * BER – Balance of extreme responses 1.8% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 -30.1 -16.0 -45.6 -70.0 -60.0 -50.0 -40.0 -30.0 -20.0 -10.0 0.0 10.0 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Total Financial situation of the households over the last 12 months General economic situation in the country over the next 12 months -4.1 0.6 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Total Production over the next 3 months
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