The Consumer confidence indicator increased between December and March, reversing the downward movement observed in the previous four months and reaching the highest value since February 2022. The balance of Consumer opinions on the past evolution of prices decreased in the last two months, after increasing in January. The balance of perspectives regarding future price developments has also decreased in the last two months, significantly in March, after the significant increase observed in January.

The economic climate indicator decreased in March, contrary to the reduction observed in the previous month. Confidence indicators increased in Services and, slightly, in Trade, having moderately decreased in Manufacturing Industry and Construction and Public Works.

The entrepreneurs’ expectations regarding the future evolution of selling prices decreased significantly in March in all sectors.