Consumer confidence and economic climate indicators increase
The Consumer confidence indicator increased between September and March, resuming the positive path observed since January 2013 and reaching the maximum level since March 2000.
The economic climate indicator increased between January and March, after decreasing in the three previous months. In the reference month, the confidence indicators increased in Construction and Public Works, Trade and Services and stabilized in Manufacturing Industry.
The evolution of the Consumer1 confidence indicator in the reference month reflected the positive contribution of all components, namely the perspectives on the evolution of the household’s financial situation, on the country’s economic situation and savings and, more significantly, the perspectives on the unemployment.
In Manufacturing Industry, the confidence indicator stabilized in February and March, interrupting the positive trajectory started in June 2016 and reflecting in the reference month the negative contribution of the opinions on global demand, the positive contribution of the production perspectives and the nil contribution of the opinions on the evolution of stocks of finished products. The confidence indicator for Construction and Public Works increased in the last three months, reaching the maximum level since July 2008, due to the positive evolution of both components, employment perspectives and opinions on the order books. The confidence indicator for Trade increased between January and March, after decreasing in the three previous months, reflecting a positive contribution of the perspectives on the business activity. The Services’ confidence indicator has been increasing since December, led, in the reference month, by the positive evolution of the opinions on the business situation and on the current demand. Considering monthly figures and not three months moving averages, the confidence indicators for Construction and Public Works, for Trade and for Manufacturing Industry decreased in March.