Consumer confidence collapses due to coronavirus crisis

The impact on the economy, employment and income brought the Consumer Perception Index to its lowest level since December. The rapid deterioration of the country's economic situation, as a result of the coronavirus crisis, has consumers at the most pessimistic levels on record. Confidence in the future (expectations index) increased marginally (1.7 points), although it also remained at an extremely pessimistic level.

Inflation reached 1.3% in the first four months of the year

Between January and April, the Consumer Price Index (CPI) rose by 1.3%, and by 3.4% in twelve months. According to EuroAmerica, the expectations implicit in the inflation forwards anticipate that the May and June records will be negative with a fall of 0.1% for both months. If this were to happen, accumulated inflation in the first half would be just 1.1% and for the year it would be 2%.