CONSUMER confidence fell last month in Spain compared to July due to a pessimistic assessment of the current economic situation and doubts over the future, according to research.
The Consumer Confidence Indicator (ICC), published by the Centre from Sociological Research (CIS), posted a figure of 102.4 for August, down 3.7 points on the previous month’s figure. A number below 100 points indicates a negative outlook.
The CIS phoned 2,000 Spanish households to gather the data. It said 66.5 per cent of respondents believed their economic situation was the same as it was six months ago.
Respondents rated the current situation at 99.3 points owing to job, finance and economy factors, 2.4 less than July. Expectations stood at 105.6 points.