Madrid (EFE).- Consumer confidence shot up more than ten points in the month prior to the general elections in view of the expectation that the general economic situation, that of the labor market and that of households will be better within six months, although they also perceive improvement in the current situation.
The consumer confidence index (ICC) of the Center for Sociological Research (CIS) stood at 92.4 points in June, 10.9 more than in May, the highest level since October 2021, although still below 100 indicating a positive perception.
Of the two components of the index, the one referring to expectations increased to 101.6 points (10.1 more), thus exceeding the 100-point barrier for the first time since January 2022, while the one related to the current situation rose to 83.2 points (11.7 points more).
Within the indicator, what consumers value best is the current situation of the labor market and the expectations regarding the future economic situation of their own households.
As additional information, the CIS reports that savings expectations grew 7.3 points compared to May, while consumption expectations increased 5.3 points.
Conversely, fears of a rebound in inflation decreased by 12.6 points and suspicions of future interest rate rises fell by 2.9 points.
The survey responses reveal that 40.2% save a little money each month, compared to 31.5% who just get there.
57.6% assure that they do not have any unemployed person in their environment, while 15.2% say they have one.
Looking ahead to next year, 56.4% believe that loans will become more expensive and 54.9% believe that the price of housing will continue to rise, although only 9.7% say they have plans to buy one.