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Consumer confidence and expectations plummet in June

Consumer confidence plummeted 10.

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Consumer confidence and expectations plummet in June

Consumer confidence plummeted 10.1 points in June compared to May to 65.8 points, its lowest level since the arrival of the war in Ukraine, due to the worse assessment of citizens about the current situation and, above all, the collapse of their expectations.

This decline, which puts an end to two consecutive months of increases, contrasts with the 1.4 point advance experienced by consumer confidence in May, according to the indicator published today by the Center for Sociological Research (CIS).

The drop in consumer confidence in June is due to the drop in the current situation indicator by 6.6 points to 59.5 points and the drop in expectations indicator by 13.7 points, until closing the sixth month of year at 72.2 points.

The Consumer Confidence Index (ICC) collects monthly the evaluation of the recent evolution and expectations of Spanish consumers related to the family economy and employment, with the aim of anticipating their consumption decisions. The indicator collects values ​​between 0 and 200, considering that above 100 the perception is positive and below, negative.

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