The overall Consumer Confidence Index (CCI) improved further to -7.8 index points in June 2025, continuing the steady recovery observed since February. Compared to May, the index increased by 1.3 index points, reaching its highest level in 2025 to date, although remaining below zero and therefore still reflecting overall pessimism among consumers.

Improvements in June were driven primarily by a strong rebound in expectations, while assessments of current conditions stabilized. The Present Situation Index edged up slightly to -12.2, improving by 0.3 index points compared to May, whereas the Expectations Index strengthened more markedly to -3.4, improving by 2.2 index points. This widening divergence suggests that consumers are increasingly optimistic about the future despite continued pressure on their current economic situation.

At the indicator level, inflation remains the most persistent source of concern. Perceptions of past inflation deteriorated further to -79 index points, the weakest reading recorded in 2025, indicating that households continue to experience strong price pressures. Inflation expectations improved modestly to -22 index points compared to May, but remain firmly negative, suggesting that expectations of rising prices persist.

Assessments of the general economic situation present a mixed picture. While perceptions of recent economic developments weakened slightly to -4 index points, expectations regarding the country’s economic outlook improved noticeably to 10, pointing to strengthening confidence in near-term macroeconomic prospects.

Indicators related to household finances and the labor market show nuanced developments. Assessments of recent changes in personal financial position declined to 1 index point, remaining marginally positive, while expectations for future personal finances strengthened to 20, returning to the high level observed in January. Expectations regarding unemployment improved to -4 index points, indicating reduced labor market concerns compared to May.

Sentiment related to consumption behavior continued to improve. The assessment of whether now is a good time to make major purchases strengthened slightly to -30 index points, while expectations about making major purchases increased further to 17, the highest level recorded so far in 2025. These results suggest growing confidence in forward-looking consumption decisions.

By contrast, savings-related indicators show a partial recovery but remain fragile. The assessment of current conditions for making savings increased sharply to 58 index points, the strongest reading of the year, while expectations about future savings improved to -42 index points, though they remain negative. Assessments of current financial standing deteriorated slightly to -19 index points, indicating continued strain on households.

Overall, the June 2025 results indicate a continued and increasingly expectation-driven improvement in consumer confidence, supported by stronger optimism about future personal finances and the broader economic outlook. Nevertheless, persistent inflationary pressures and weak assessments of current financial conditions continue to weigh on overall sentiment, underscoring the still-uneven nature of the recovery.