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Consumer confidence indicator increases and economic climate indicator decreases
Business and consumer surveys
Consumer confidence indicator increases and economic climate indicator decreases - May 2023
30 May 2023


The Consumer confidence increased between December and March in May, reaching the highest value since February of 202, after registering in November the lowest value since April 2020 when the pandemic begun. The balance of Consumer opinions on the past evolution of the price level decreased significantly in May, moving away from the high level it was at, close to the maximum value of the series recorded in October.

The economic climate indicator  decreased in May, after having increased between January and April. Confidence indicators decreased in all surveyed sectors, Manufacturing Industry, Construction and Public Works, Trade and Services.

The entrepreneurs’ expectations regarding the future evolution of selling prices decreased significantly between November and May in the Manufacturing Industry, reaching the lowest level since May 2020. This balance also decreased since November in Commerce, significantly in May, reaching the lowest level since April 2021. In Construction and Public Works and Services, after moderate reductions between February and April, the respective balances decreased significantly in May, standing at the lowest levels since April and October 2021, respectively.

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