According to results from the "Business and Consumer Surveys" by the National Institute of Statistics (INE), "the consumer confidence indicator increased between December and May, reaching the maximum value since February 2022, after having registered in November the lowest value since the beginning of the pandemic, in April 2020”.
As for the economic climate indicator, “it decreased in May after having increased between January and April”, with confidence indicators decreasing in all surveyed sectors: Manufacturing industry, construction and public works, commerce and services.