The Consumer confidence continued in June the upward path started in December, reaching the highest value since February of 2022, after registering in November the lowest value since April 2020 when the pandemic begun. The balance of Consumer opinions on the past evolution of the price level decreased significantly in May and June, moving away from the high level at which it stood, close to the maximum value of the series recorded in October, following the sharply upward trajectory started in March 2021.

The economic climate indicator stabilized in June, after decreasing in the previous month. Confidence indicators increased in Construction and Public Works and Services, and decreased in Manufacturing Industry and Trade.

The entrepreneurs’ expectations regarding the future evolution of selling prices decreased in June in the Manufacturing Industry, extending the markedly downward path observed between November and May and reaching the lowest value since May 2020. This balance also decreased since November in Trade, reaching in June the lowest level since February 2021. In Construction and Public Works and in Services, the balances decreased since February, standing at the lowest levels since April and July 2021, respectively.