The economic climate indicator (calculated through surveys of businesses from various sectors of activity), in turn, worsened in November
The indicator of consumer confidence improved in November for the third consecutive month and the economic climate declined in October and November, according to data today released by the National Institute of Statistics (INE).
according To the INE, the indicator of consumer confidence (calculated through surveys of consumers improved in November, reaching the fell 10.5 points, down 11.6 points in October, -12,4 points in September and -13,3 points in August).
“The recovery of the indicator of consumer confidence in November was due to the positive contribution of the perspectives regarding the evolution of unemployment, the expectations concerning the economic situation of the country and, less intensely, of the judgements of the evolution of the financial situation of the household”, says the INE.
The economic climate indicator (calculated through surveys of businesses from various sectors of activity), in turn, worsened in November to 1.2 points (to 1.3 points in October and by 1.4 points in September).
According to the INE, in November, the sector level, the indicator decreased trust in the construction and public works, commerce and services and increased in manufacturing industry.
The confidence indicators of the INE are calculated using moving averages of three months ‘ balances extremes in surveys. A negative number means that there were more answers to be pessimistic than optimistic.
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