Consumer confidence stands at 82.5 points, up 6 points from the previous month. This increase in the index is due to the positive performance of both its components: the assessment of the current situation rose 3.3 points, and the assessment of future expectations increased 8.6 points compared to April.
However, compared to May of the previous year, the year-on-year trend in the ICC is slightly negative, falling by 1.3 points.
The current situation assessment index reached 78.4 points this month, an increase of 3.3 points compared to April. This increase reflects the monthly evolution of its three components: the economic situation assessment rose 5.1 points compared to April, reaching 65.5 points, and the labor market assessment reached 81.4 points, an increase of 4.3 points compared to April. Meanwhile, the household situation assessment rose 0.5 points to 88.3 points in May.
The Expectations Index reached 86.5 points this May, 8.6 points higher than the figure recorded in April. This result is due to the positive performance of its three components: the assessment of the future development of the economy, at 75 points, shows a rise of 10.8 points compared to April; the assessment of the future situation of households increased by 4.3 points, reaching 104.7 points; and expectations about the future of the labor market grew by 10.8 points, reaching 79.9 points this May.
The CIS ICC data are based on a representative sample of the Spanish population consisting of 2,555 interviews conducted between May 22 and 28.
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- 23 JUL 2024