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Consumer confidence and economic climate indicators increase again
Business and consumer surveys
Consumer confidence and economic climate indicators increase again - February 2023
27 February 2023


The Consumer confidence increased between December and February, interrupting the negative profile of the previous three months which resulted, in November, in the lowest value since April 2020 when the pandemic begun. The balance of Consumer opinions on the past evolution of the price level decreased in February, remaining below the maximum value of the series recorded in October.

The economic climate indicator increased in January and February, reversing the downward movement initiated in March. The confidence indicators increased in February, compared to the previous month, in Manufacturing Industry, Trade and Services, while in Construction and Public Works the indicator diminished.

The entrepreneurs’ expectations regarding the future evolution of selling prices decreased significantly between November and February in the Manufacturing Industry, reaching the lowest value since January 2021. This balance also decreased in February in Services and in Construction and Public Works, having increased in Trade.

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