The Consumer confidence increased in December and January, interrupting the negative profile of the previous three months which resulted, in November, in the lowest value since April 2020 when the pandemic begun. The balance of Consumer opinions on the past evolution of the price level increased in January, after decreasing in November and December and registering the series’ maximum value in October, following the markedly ascending trajectory initiated in March of 2021.

The economic climate indicator increased in January, interrupting in the last three months the downward movement started in March. The confidence indicators of the Manufacturing Industry, Construction and Public Works, Trade and Services increased compared to December.

The entrepreneurs’ expectations regarding the future evolution of selling prices decreased between November and January in Manufacturing Industry and in Trade. In turn, this balance increased in the last three months in Services and increased in Construction and Public Works, after decreasing between October and December.