The Consumer confidence indicator decreased in the last three months, significantly in March, registering in April the lowest value since November 2023. This decline in April was driven by negative contributions from opinions on the past evolution of households’ financial situation and from expectations regarding the future evolution of both households’ financial situation and the country’s economic situation. By contrast, expectations on the future evolution of major purchases by households contributed positively.
The balances of Consumers’ opinions on the past evolution of households’ financial situation and the country’s economic situation declined over the last three months, with a significant drop in April, when they recorded their largest decreases since April and May 2020, respectively. The balance of opinions on past price developments increased significantly in April, recording the highest rise since May 2008. By contrast, the balance of expectations on future price developments declined, after increasing in the previous three months, markedly in March, when it registered the second largest increase of the series and reached its highest level since March 2022.
The economic climate indicator increased in April, after having decreased in the previous month. The confidence indicators increased in Trade and in Construction and Public Works, having decreased in Manufacturing Industry and in Services.
