Consumer confidence at 53.7% after three-month consecutive rise in index
Wednesday, January 11, 2017 @ 12:44 PM
CONSUMER confidence has been rising consistently over the months leading up to Christmas and the New Year, with shoppers feeling more relaxed about spending.
At its highest since December last year – but still a long way off the average for 2015 – the customer confidence index (ICC) is currently just over halfway up the scale.
From 0 to 200, with 200 being maximum confidence and 0 being none at all, Spaniards interviewed averaged at 107.4 at the end of 2016, or 53.7% confidence – the highest annual closing figure since before the financial crisis, and 1.3 points above November's 99.4 and 6.7 higher than the ICC figure at the beginning of December.
This marks a rapid recovery after a fall in September and October, when Spain still did not have a government, but is still 0.9 points below the predicted figure of 108.3.
Based upon figures throughout 2015, the ICC has fallen by 6.6% overall – 3.3% in consumers' evaluation of the current economic situation, and 9.4% below expectations.
Read more at thinkSPAIN.com