The overall Consumer Confidence Index (CCI) improved further to -10.6 index points in April 2025, marking a continued recovery in consumer sentiment. Compared to March, the index increased by 1.3 index points, narrowing the gap with the January level, although overall confidence remains negative.

Both sub-indices strengthened in April, reflecting slight improvements in perceptions and expectations. The Present Situation Index rose to -15.2, improving by 1.7 index points compared to March, while the Expectations Index increased more moderately to -5.9. Despite these gains, assessments of current conditions remain substantially more pessimistic than expectations for the future, underscoring the persistent strain on households’ day-to-day economic situation.

At the indicator level, inflation remains the primary concern, though some easing is evident. Perceptions of past inflation improved slightly to -75 index points, suggesting a marginal moderation in perceived price pressures. At the same time, inflation expectations deteriorated somewhat compared to March, falling to -20 index points, indicating that while consumers continue to expect rising prices, confidence in a sustained slowdown in inflation weakened.

Assessments of the general economic situation improved notably in April. Perceptions of recent economic developments strengthened to -6 index points, while expectations regarding the country’s economic outlook rebounded to 7 index points, reversing the downward trend observed in previous months. These developments point to a more favorable macroeconomic outlook among consumers.

Indicators related to household finances and the labor market also show signs of improvement. The balance for recent changes in personal financial position turned positive at 4 index points, while expectations for future personal finances increased to 18, indicating growing optimism at the household level. Expectations regarding unemployment edged slightly into negative territory (-1 index point), suggesting a marginal increase in labor market concerns, though overall sentiment remains relatively stable.

Confidence related to consumption and savings decisions improved modestly. The assessment of whether now is a good time to make major purchases strengthened to -38 index points, while expectations about making major purchases remained positive at 4, pointing to gradual recovery in forward-looking consumption intentions. In contrast, indicators related to savings weakened further: the current assessment of saving conditions declined to 42 index points, and expectations about future savings remained deeply negative at -44, reflecting ongoing concerns about households’ capacity to make savings in the months ahead.

Overall, the April 2025 results indicate a continued but cautious improvement in consumer confidence, driven by better assessments of the general economic situation and household financial prospects. Nevertheless, persistent inflation pressures and weakening savings sentiment continue to constrain confidence, particularly in perceptions of current economic conditions.