NSI: Consumer Confidence Grows 1.6pp in July vs April

NSI: Consumer Confidence Grows 1.6pp in July vs April

In July 2017, the consumer confidence indicator increased by 1.6 percentage points compared to April, the National Statistics Institute (NSI) said.
An increase of consumer confidence was observed among both the urban and rural population, by 1.2 and 2.8 percentage points, respectively.
The consumers’ assessment of the economic situation over the last 12 months improves, with an increase of balance indicator by 3.9 percentage points. At the same time, their forecasts for the next 12 months are less negative compared to the previous survey. In comparison with April, there are better assessments and expectations about changes in the financial situation of households.
Consumers continue to believe that there was an increase in consumer prices over the last 12 months, but at a lower rate, compared to the assessments registered in April. Simultaneously, their inflation expectations for the next 12 months are less intense.
 
 
FOCUS News Agency
 
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