Consumer confidence

In July the confidence climate index decreased from 105.6 to 104.6.

The reduction is explained by all components economic, personal, current and future that decreased respectively from 116.3 to 114.6, from 102.2 to 101.2, from 104.5 to 104.0, from 107.2 to 106.3.

Finally, the balance on inflation perceptions referring to the last 12 months increased from 4 to 9 compared to the previous month. The balance on inflation expectations for next 12 months increased from  -26 to -25.