The confidence indicator of consumers resumed the upward trend in May, after decreasing in the previous month, and the economic climate increased between March and May, released on Monday the National Statistics Institute (INE).
the indicator of consumer confidence (calculated through surveys to individuals) improved in May, reaching -11.9 points (-12.4 points in April), after decreasing in the previous month and “resuming the trend up since the beginning of 2013 “.
the economic climate indicator (calculated through surveys of companies from various sectors of activity), in turn, moved in May to 1.2 points (the 1.1 points observed in April).
“in the reference month, confidence indicators increased in trade and construction and public works and decreased in services and manufacturing,” the INE.
the INE confidence indicators are calculated using moving averages three months of percentage balances inquiries. A negative number means that there were more pessimistic responses than optimistic.
According to the INE, the evolution of the confidence indicator of consumers in May “resulted from the positive contribution of perspectives on the evolution of the financial situation of the household , the country’s economic situation and savings. “
Confidence falls in industry and services rises in construction and trade
in the manufacturing industry, the confidence indicator decreased between March and May, reflecting the negative contribution in the last month of production prospects, while opinions on the evolution of global demand and on the ‘stocks’ of finished products contributed positively.
the indicator of confidence building and public works increased “slightly” in May, after decreasing “tenuously” in the previous month, as a result of the recovery in employment prospects, since opinions on the order book reported developments negative.
As for the trade confidence indicator increased in April and May, noting the last two months a positive contribution of all components, activity expectations, opinions on the volume of ‘stocks’ and on the volume of sales.
in services, the confidence indicator decreased after increasing “expressively” in April, due to the negative evolution of views on the evolution of the order book and assessments on the activity of the company.
the European Commission also announced on Monday that the indicator of economic sentiment rose 0.7 points in the euro area (to 104.7 points) and 0.5 points in the EU European (to 105.7 points) in May compared to April, the month in which the indicator had grown, reversing the downward trend observed since January.
According to the Directorate General for Economic and Financial Affairs the European Commission, among the five largest economies in the euro zone macroeconomic indicator increased in France (1.5 points), Germany (0.4) and Italy and retreated in Spain (-0.4) and the Netherlands (- 0.1 points).
in Portugal, the economic sentiment indicator fell by 2.0 points in May to 105.2.
the rise in economic sentiment in the euro area results in significant improvements in consumer confidence and business in retail trade and construction sectors, while in industry this remained stable and decreased slightly in the services sector.
the economic sentiment indicator calculated by the European Commission’s statistics office measures the confidence and the expectations of consumers and businesses as the economy.
the INE and the European Commission use different methodologies to calculate their indicators.
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