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The ICC stands at 80.6 points in November, one point higher than in October.
Madrid, 12 December 2024
Nota Informativa
- The Consumer Confidence Index increased by almost 4 points compared to November last year.
- The current situation index reaches 73.8 points
- The assessment of future expectations is strengthened at 87.5 points
Consumer confidence stands at 80.6 points, which is one point higher than the previous month's figure. This increase in the index is due to the evolution of its two components: on the one hand, the assessment of the current situation rises almost one point, and on the other, the assessment of expectations increases 1.3 points compared to October.
Compared to November of the previous year, the year-on-year trend in the CCI is also positive: it increased by 4 points. This improvement is due to a 6.5-point increase in the assessment of the current situation over the last year and a 1.4-point improvement in future expectations compared to November 2023.
The current situation assessment index reached 73.8 points this month, an increase of 0.7 points compared to last October. This increase reflects the evolution of its three components: the assessment of the economic situation decreased by 4 points compared to October, standing at 60.5 points; the assessment of the household situation increased by 3.4 points, reaching 86.1 points this November; and the assessment of the labor market reached 74.7 points, representing a 2.8-point increase compared to October.
The Expectations Index reached 87.5 points this November, 1.3 points higher than the figure recorded in October. This result is due to the combined performance of its three components: the assessment of the future economic outlook, at 74.2 points, is down 2.9 points compared to October; the assessment of the future situation of households increased by 3.7 points, reaching 106.6 points; and expectations about the future of the labor market rose by 3 points, reaching 81.6 points this November.
The CIS ICC data are based on a representative sample of the Spanish population consisting of 2,860 interviews conducted between November 15 and 19.
