Business and consumer surveys, December 2012, INE

The Consumer confidence indicator decreased in the last four months, attaining a new minimum for the series in December. However, comparing with the previous months, the decrease was less intense.
In December, the confidence indicators recovered in all the sectors, Manufacturing Industry, Construction and Public Works, Trade and Services. However, the economic climate indicator, which does not result from the simple aggregation of the sectors’ confidence indicators and includes a different set of variables, slightly diminished in the reference month, maintaining the downward movement started in September.