Spanish consumer confidence suffers in November and falls to the lowest levels of the year
The confidence of Spanish families in the country’s economy continues to erode and falls to 2025 lows. The Consumer Confidence Index (CCI) – which measures the perception that Spanish households have of the economy, employment and their future prospects – fell again in November to stand at 76 points. This is reflected in the latest edition of this indicator, prepared by the Center for Sociological Research (CIS) every month.
Consumer confidence fell 2.7 points in November compared to October and It has already accumulated three consecutive months of decline. In fact, the 76 points that were recorded in November mark a 2025 minimum in which consumer confidence has been eroded slightly, but progressively. The November reading is also below that of the same month last year, when the CCI marked 80.6 points, which implies a drop of 3.2%.
This index can take values between 0 and 200, so a record of less than 100 points implies that consumer perception is negative, explains the CIS. However, in the 21 years that the statistic has been published, the 100-point barrier has rarely been surpassed, even in moments of clear boom economic like the years of the real estate bubble.
The CCI is divided, in turn, into two subindices that describe the view of the recent situation of the economy and another that measures future expectations. The November data published this Monday suggest that Household expectations for the next six months exceed the perception of their current state.
Thus, the expectations index was reduced by 2.9 points to stand at 80.5. While the one that measures the current situation of the economy fell 2.6 points and stood at 71.4 points. Compared to last year, the drop in the assessment of expectations (-7.9%) far exceeds that of the current perception (-3.2%).
