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The July ICC reached 89.4 points, one point more than in June.
Madrid, 05 September 2024
Nota Informativa
- The current situation index stands at 86.6 points this month, up 3.7 points compared to the previous month.
- And the expectations index reaches 92.2 points, 1.6 points less than in June.
Consumer confidence stood at 89.4 points in July, one point higher than the June figure, according to the Center for Sociological Research's monthly index. The CCI figure has been rising since the beginning of the year, when it stood at 78.6 points. This increase in the index is due to an increase in the assessment of the current situation, which rose 3.7 points, despite a decrease in the assessment of expectations, which fell 1.6 points compared to June.
The current situation assessment index reached 86.6 points this month, a 3.7-point increase compared to last June. This increase reflects the evolution of its three components: the assessment of the current economic situation rose 4.6 points compared to June, reaching 80.9 points; the assessment of the household situation increased 2.5 points, reaching 89.2 points; and the assessment of the labor market reached 89.8 points, a 4-point increase compared to June.
The Expectations Index reached 92.2 points this July, 1.6 points lower than the 93.8 points recorded in June. This result is due to the negative trend in its three components: the assessment of the future development of the economy, at 85.2 points, shows a decrease of 2.7 points compared to June; the assessment of the future situation of households remains virtually unchanged, with a slight decrease of 0.1 points, reaching 107.2 points; and expectations about the future of the labor market fell 1.9 points, reaching 84.2 points this July.
