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Consumer confidence and economic climate indicators decrease
Business and consumer surveys
Consumer confidence and economic climate indicators decrease - August 2023
30 August 2023


The Consumer confidence indicator decreased in August, after registering in the previous month the maximum value since February 2022, following the upward trajectory started in December. The balance of Consumer opinions on the past evolution of prices decreased in the last four months, significantly in May and June, 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 July and August, after having stabilized in June. Confidence indicators decreased in all sectors, Manufacturing Industry, Construction and Public Works, Trade, and Services.

The entrepreneurs’ expectations regarding the future evolution of selling prices, in the Manufacturing Industry, increased significantly in August, interrupting the markedly downward trajectory started in November that culminated in July at the lowest value since May 2020. This balance also increased in Trade, after decreasing uninterruptedly since November and reaching in July the lowest level since February 2021. In Construction and Public Works, the balance increased slightly in August, after stabilizing in July and decreasing between February and June. In Services, there was an increase in the balance in the last two months, after having also decreased since February.

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