The overall Consumer Confidence Index (CCI) improved to -9.4 index points in August 2025, partially recovering from the decline observed in July. Compared to the previous month, the index increased by 1.4 index points, indicating a modest rebound in consumer sentiment, though confidence remains below the levels recorded in late spring and early summer.

The improvement in August was driven mainly by stronger assessments of current conditions, while expectations remained broadly stable. The Present Situation Index rose to -11.9, improving by 2.6 index points compared to July, whereas the Expectations Index edged up slightly to -6.9. Despite this recovery, perceptions of current conditions remain more pessimistic than expectations for the future, reflecting ongoing pressure on household economic conditions.

At the indicator level, inflation continues to dominate consumer concerns. Perceptions of past inflation deteriorated further to -83 index points, the weakest point observed in 2025, indicating intensifying price pressures as experienced by households. Inflation expectations remained negative at -28 index points, showing little improvement compared to July and suggesting persistent concerns about future price dynamics.

Assessments of the general economic situation showed moderate improvement. Perceptions of recent economic developments rose to -5 index points, while expectations regarding the country’s economic outlook rebounded to 9, pointing to renewed optimism about near-term macroeconomic prospects.

Indicators related to household finances and the labor market improved in August. Assessments of recent changes in personal financial position increased markedly to 9 index points, the strongest point recorded in 2025, while expectations for future personal finances rose to 19, remaining firmly positive. Expectations regarding unemployment improved to -6 index points, indicating reduced labor market concerns.

Sentiment related to consumption behavior strengthened further. The assessment of whether now is a good time to make major purchases improved to -29 index points, while expectations about making major purchases remained positive at 10, although below the peaks observed in June and July. These developments suggest continued, though more cautious, recovery in consumption intentions.

Indicators related to savings behavior remained mixed. The assessment of current conditions for making savings declined slightly to 52 index points, while expectations about future savings remained negative at -46, reflecting persistent concerns about households’ capacity for savings. Assessments of current financial standing improved to -17 index points, reversing part of the deterioration observed in July.

Overall, the August 2025 results indicate a partial recovery in consumer confidence, driven mainly by improved assessments of current personal finances and the general economic situation. However, intensifying perceived inflation and persistently weak savings expectations continue to weigh on sentiment, underscoring the fragile and uneven nature of the recovery.