The Consumer confidence indicator decreased in October, after the increase observed in the previous month. 

The balance of Consumer opinions on past price developments increased significantly in October, after decreasing in the previous two months. The balance of perspectives regarding future price developments also increased significantly in the last month, surpassing the significant decrease recorded in September.

The economic climate indicator  increased in September and October, attaining a new maximum since April 2023. Confidence indicators increased sharply in Construction and Public Works and in Services, having stabilized in Trade and decreased in the Manufacturing Industry.

The balance of entrepreneurs’ expectations regarding the future evolution of selling prices decreased in October in Construction and Public Works, with increases in this balance in the other sectors, moderately in Trade and Services, while in the Manufacturing Industry it increased significantly, registering the maximum since January 2023.

According to information collected about the evolution of investment in the context of the business survey for the manufacturing industry, 58.5% of firms foresee that investment will stabilize in 2025 compared to 2024, while 30.1% foresee an increase and 11.4% a decrease.