The Consumer confidence indicator decreased in May, after having increased in the previous five months and having registered the highest value in April since February 2022. The balance of Consumer opinions on the past evolution of prices decreased significantly in May, after the increase recorded in April. The balance of perspectives regarding future price developments increased in the last two months, slightly in May, after the decreases recorded in February and March.

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

The balance of entrepreneurs’ expectations regarding the future evolution of selling prices decreased in May in Manufacturing Industry, Construction and Public Works and Trade, having increased in Services, after decreasing between February and April.