According to the latest data from Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI), consumer confidence in Spain has shown a slight decline in May 2024. The current indicator stands at 48.62, down from 49.67 in April 2024. This decrease indicates a mild pessimism among consumers regarding the economic outlook in the country.
The month-over-month comparison reveals that the drop in consumer confidence has occurred within a relatively short period. With the data being updated on 9th May 2024, the recent decline in consumer sentiment highlights potential challenges faced by the Spanish economy. Analysts will be closely monitoring future developments to assess the impact of this shift on consumer behavior and overall economic performance.
