posted by admin on Jan 26
Consumer confidence rose in February for the second consecutive month to 73.4 points, the highest since last August as a result of greater awareness of the economic situation and expectations for the next six months. The Consumer Confidence Indicator (CCI), compiled by the Official Credit Institute (ICO) in February rose 2.7 points to stand at 73.4 points, up from 70.7 the previous month and 71.1 February 2010. The components of the indicator that are referred up to the country’s overall economy and employment , while receding which are related to the household economy, while consumers generally continue to have better expectations about their situation staff to the country.
Consumer perception on the current situation has improved slightly from January, but more significantly from the end of 2010, when it dropped significantly by the pressure being on the Spanish debt in international markets. Expectations about economic developments for the next six months are much more optimistic than in January, but remain lower than a year earlier. On the contrary, the impression has become so current and future prospects that consumers have on their domestic economy, although they remain at a high level. It is produced by both, says the ICON, a certain convergence between the three areas that consumers are asked, they were too far apart due to excessive pessimism in more global issues (economy and employment), not manifested in the closest and most familiar (home situation).