The consumer confidence index, measured by the National Institute of Statistics (INE), fell in September to the lowest levels since the start of the pandemic (April 2020). The INE also confirmed that the most global indicator of “economic climate” also fell again in September, as in the previous month, moving further and further away from the most positive levels marked in February, the month in which the emergence of the economy began. . Ukraine for Russia.
In a note released this Thursday, the INE points out that “the consumer confidence indicator decreased in September, reaching the lowest value since the start of the pandemic in April 2020 and standing at a lower level than that observed in March when it was recorded. the second most intense fall”. in the series.” “The balance of consumer opinions on the past evolution of prices increased slightly in September, renewing the maximum value of the series that had been registered in the previous two months, following the markedly upward trajectory that began in March 2021,” he adds. the INE.
“The economic climate indicator decreased in August and September, moving away from the level observed in February, when it reached the maximum since March 2019,” notes the statistics office, adding that “the confidence indicator in Services decreased significantly, having increased in Construction and Public Works, in Commerce and in Manufacturing Industry, slightly in the last two cases”.
Regarding the perspectives on the evolution of prices, the INE indicates that “the balance of expectations of entrepreneurs about the future evolution of sales prices increased significantly in Commerce and Manufacturing Industry, although they are still at levels below the maximums of the series observed in March and April, respectively. . “This balance also increases in Services and in Construction and Public Works, remaining at levels lower than the maximums reached in April and June”, he concludes.
Source: Observadora
