The Consumer confidence indicator increased in December and January, after decreasing in the four previous months. The balance of Consumer opinions on the past evolution of prices increased in January after decreasing in the previous two months and the balance of perspectives on future price developments increased significantly in January, resuming the ascending trajectory initiated in August.

The economic climate indicator increased between in November and January, reversing the downward movement observed between July and October. Confidence indicators increased in Manufacturing Industry, in Construction and Public Works and in Services, while it decreased in Trade.

The entrepreneurs’ expectations regarding the future evolution of selling prices increased in December and January in all sectors, more moderately in Construction and Public Works.