Madrid, April 4 (MarketWatch) .- The consumer confidence fell in March for the third consecutive month, to 92.6 points (2 , 6 points less than in February) so the worst perception of the current situation as lower expectations, according to the Consumer Confidence Indicator (ICC), released today by the CIS (Taiwan OTC: 5864.TWO – news).
the Center for Sociological Research specifies that the index is repositioned below the values obtained in the last fourteen months.
the indicator low current situation to 85.6, compared to 87.7 in February, while the expectations indicator drops to 99.6 when last month was 102.7.
in relation to March last year, evolution is clearly negative, as the drop reaches 7.8 points, with much higher losses on expectations (-14.1 points), compared to slight decline in absolute terms for the assessment of the current situation, which falls 1.5 points .
in percentage terms, the profile of the developments is very similar: the ICC low 8.5% as a result of a decline of 1.8% in the assessment of the current situation and a loss 14.2% in expectations.
the quarterly development offers a very negative development that deepens the slight drop in the last quarter of 2015, according to the CIS (lost 8% compared to registered previous quarter).
in regard specifically to the rate of assessment of the current situation, which in March stood at 85.6 points- its negative evolution is the result of a very heterogeneous behavior its three components.
the assessment of the overall evolution of the economy is markedly negative and lost 5.4 points in the last month, the perception of the possibilities of the labor market regress of more moderately ( -3.6 points), while the assessment of the situation of households reappears as the most positive component and provides an advance of 2.6 points in the last thirty days.
in relation to data March 2015, evolution gives a very similar profile, down 8.7 points since the assessment of the economic situation, the options giving the labor market are valued 2.3 points below yet the situation in households improved 6.5 points since then.
Meanwhile, expectations regarding the situation of households down only 0.5 points from the previous month, while the aforementioned the labor market are cut by 4.4 points and expectations about the economic situation have decreased virtually unchanged, 4.6 points.
on an annual basis the data also offer a very unfavorable evolution since since March last year expectations regarding the economic situation of the country are cut at 19.2 points and referred to the labor market down 20.1 points, while household regress only 3.1 points.
As a percentage, expectations regarding the general economic situation have been cut in the last year by 16.6%; those relating to employment, 17.2%, and households, 2.9%.
In monthly terms, a decline in savings expectations (-1.1 points) is observed and consumer durables (-2.1 points), and decreased fears of interest rate rises (-3.6 points).
Finally, increase again by 2 points fears of future price increases. MarketWatch
met / ltm
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