The Consumer confidence indicator increased in June and July, after decreasing in May, surpassing for the first time the value observed in February 2022, before the abrupt decline of March 2022. The balance of Consumer opinions on past price developments increased slightly in the last month, after decreasing in the previous two months, significantly in May. The balance of perspectives regarding future price developments decreased in June and July, following the increases observed in the previous two months.

The economic climate indicator decreased in June and July, contrary to the increase observed in the previous month. Confidence indicators decreased in Manufacturing Industry, and in Construction and Public Works, and increased in Services and, moderately, in Trade.

The balance of entrepreneurs expectations regarding the future evolution of selling prices increased significantly in July in Manufacturing Industry, in Construction and Public Works and in Trade and, moderately, in Services.