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Information note on the 'May 2023 BCI'
Madrid, 07 June 2023
Nota informativa
The ICC rebounds in May to 81.5 points
- The Consumer Confidence Index improves 8.5 points compared to April.
- All indicators are rising and the assessment index for the current situation stands at 71.5 points, almost 9 points more than last month.
- The assessment of future expectations reaches 91.5 points this month.
Madrid, June 7, 2023 . Consumer confidence strengthens in May and rises to 81.5 points, which represents an improvement of 8.5 points compared to last month, according to the CCI carried out by the CIS every month. This increase in the index is due to the positive evolution of its two components: the assessment of the current situation grows 8.7 points compared to the month of April and the assessment of future expectations improves 8.4 points in the last month. Regarding the annual evolution, it rises 5.5 points compared to May 2022, when the CCI stood at 76 points.
The assessment index of the current situation reached 71.5 points in May, with an increase of 8.7 points in relation to that obtained in April. This increase is due to the positive evolution of the evaluations of its three components: the evaluation of the current economic situation rises 12.6 points compared to last month, reaching 61.2 points, the evaluation of the situation of households grows 5 .5 points, reaching 73.7 points and the labor market assessment improves 8.1 points, reaching 79.7 points.
The expectations index reaches 91.5 points this May, which represents an increase of 8.4 points compared to the month of April. This increase in the index is due to the positive evolution of all its components: the assessment of the evolution of the economy in the immediate future has an improvement of 10.3 points, reaching 84.2 points, the assessment of the future situation of households reaches 100 points, which represents an increase of 4.1 points compared to the month of April and expectations about the future of the labor market grow in this month of May to 90.2 points, gaining 10.7 points compared to the previous month.
The CIS ICC data are based on a representative sample of the Spanish population of 2,838 interviews carried out between May 12 and 23.
For any questions, the Communication telephone number is 91 580 76 25 / 664 470 083.
Esta información puede ser usada en parte o en su integridad sin necesidad de citar fuentes.
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Email: comunicacion@cis.es
Tlf.: 91.580.76.25
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