Despite the rise, the index remains far below the 100-threshold that separates pessimism from optimism.
April’s rise came on the back of an improvement in consumers’ views regarding the general economic situation and unemployment expectations.
In addition, households’ assessments of their financial situation in the next 12 months also improved.
In contrast, their views on the probability of saving became more pessimistic.
FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2017, which is unchanged from last month’s forecast.
For 2018, the panel expects private consumption to grow 2.9%. ■
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