Spain’s consumer confidence index soared by seven points in April to 106.7 (on a scale of 0-200), according to a report by the national centre for sociological research (CIS).
In December 2015 consumer confidence hit 107.4, the highest level ever seen. The new findings show that members of the public are finally confident in the strength of the Spanish economy, following a year of political uncertainty when consumer confidence fell.
The overall satisfaction of the current economic situation in Spain reached 100.4 points, nine points more than in March. However, personal financial situations have only improved by 2.9 points.
Spaniards expectations for the future reached 113.1 points in April, 5.2 points higher than in March.
In the last 12 months satisfaction in the national economic situation has risen by a significant 21.9 points, whilst household incomes have remained stagnant; out of those interviewed in the report 43% said that they find it difficult to make ends meet each month and 4% said they are unable to save a significant amount of money.
Information sourced from: Spanish News Today!
Tags: Consumer Confidence in Spain, Financial Situation Spain, Spanish economy