Good news for commercial fabric: the consumer confidence andStarting the year with scala and optimism for the third month in a row. The index, which is updated monthly by the Center for Sociological Studies (CIS), Spaniards’ spending intention It climbed almost 5 places in January, reaching a score (73) not seen since May. The indicator fell in June and above all bad economic prospects and actually the bad news is that although the figure has climbed month to month since October, it still hasn’t managed to recover from a year ago levels.
Then the analysis prepared by the CIS in January 2022, assessment of the current situation at 73.6 points and expectations for the coming months at 105.1 points. Now the same two indicators appear with 60.2 and 85.8 points respectively. The agency explains this difference with a detailed analysis of the index. perception of the current economic situation (significant macroeconomic, local And labor) worse than a year ago.
Even so, the reading is positive considering the dynamics of the last few months. Overall, the index is now at 73 points, five points higher than December and almost 20 points higher than last year’s low in March.
Thus, an improvement in January compared to previous months. assessment of the current economic situationbetween home situation And job market; and there is also the impression that these same three areas will continue on the path of recovery in the coming months.
Optimism with savings and interest rates
“The evolution of expectations Price:%sinterest rates, home savings opportunities And durable goods purchaseshows a consistent development with the patterns and data of the indices discussed so far”, explains the responsible of this study with a statement. Specifically, between January and December, savings expectations and consumption expectations increase by 2.4 and 3.1 points, respectively. the impression that interest rates will rise again It drops 2.6 points.
The only thing that breaks the trend a bit is the inflation forecast. This latest CIS survey shows that consumers are 1 point more concerned about the product. increased prices compared to December when things improved compared to the previous month.
The marks it actually left overall macroeconomic picture They are mostly along these lines: While it is true that the Spanish economy grew last year, the weak development of the last quarter predicts a slowdown for this 2023. worst January cost in two years.