The Consumer confidence continued the upward path started in December, renewing in July the highest value since February of 2022, after registering in November the lowest value since the beginning of the pandemic in April 2020. The balance of Consumer opinions on the past evolution of the price level decreased significantly in May and June, moving away from the high level at which it stood, close to the maximum value of the series recorded in October.

The economic climate indicator decreased in July, after stabilizing in the previous month. Confidence indicators decreased in Manufacturing Industry, in Construction and Public Works and in Services, having increased in Trade.

The entrepreneurs’ expectations regarding the future evolution of selling prices, in the Manufacturing Industry, decreased in July, extending the pronounced downward path observed since November and reaching the lowest value since May 2020. This balance also decreased since November in Trade, reaching in July the lowest level since February 2021. In turn, in Construction and Public Works, the balance of perspectives regarding the selling prices charged by the firm in the next three months stabilized in July, after decreasing between February and June, remaining at the lowest level since April 2021, and in Services, there was an increase, after having also decreased since February.