Consumer confidence rises

FINANCE Consumer confidence rises
TIPPING THE SCALE: Spain’s CCI rating is just over 100 Photo credit Pexels

SPAIN’S consumer confidence rose by 0.9 points to 100.5 points in November, indicating an optimistic perspective about the country’s economic situation, the Sociological Research Centre (CIS) reported on Monday.

The Consumer Confidence Indicator (CCI) ranges between 0 and 200 points, with ratings over 100 points considered as positive perceptions of the economic situation and ratings below that figure indicating a negative perception.

The CIS said that the rise was especially due to an increase in the indicator of economic expectations about the future which rose by 3.9 points, while pointing out that the indicator of the current economic situation dropped by 2.2 points.

On a year-on-year basis, the CCI has risen by 1.1 points with the indicator of the current economic situation increasing by 2.7 points and the indicator of the expectations about the future decreasing by 0.5 points.

The CIS does more than 1,500 interviews for the CCI, which helps forecast consumers’ behaviour.

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