In a noticeable shift, the Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for Spain has experienced a decline in September 2024. The latest data, updated on September 12, 2024, points to a current indicator reading of 48.28, down from the August 2024 reading of 50.20. This decrease marks a significant dip of 1.92 points on the index.
This month-over-month comparison highlights a waning consumer confidence in Spain, reflecting potential concerns about the economic outlook among Spanish consumers. The decline is especially pertinent when compared to August, where the indicator had also shown a drop from the previous month, albeit by a smaller margin.
As the new figures take center stage, economists and market analysts will be closely monitoring this trend to gauge its potential impact on economic activities and consumer behavior in Spain in the months to come.
