The overall Consumer Confidence Index (CCI) improved to -11.3 index points in October 2025, partially recovering from the sharp deterioration observed in September. Compared to the previous month, the index increased by 1.7 index points, indicating a modest rebound in consumer sentiment, though confidence remains well below the levels observed during late spring and early summer.

The improvement in October was driven mainly by better assessments of current conditions, while expectations remained broadly unchanged. The Present Situation Index strengthened to -14.1, improving by 3.4 index points compared to September, whereas the Expectations Index remained almost stable at -8.5, deteriorating marginally by 0.1 index points. This pattern suggests that households perceived some easing in immediate economic pressures, while uncertainty about the future persisted.

At the indicator level, inflation concerns intensified further, particularly with respect to expectations. Perceptions of past inflation remained extremely weak at -80 index points, confirming that households continue to experience strong price pressures. More notably, inflation expectations deteriorated sharply to -39 index points, the weakest point recorded in 2025, signaling heightened concern about future price dynamics and representing a key drag on overall confidence.

Assessments of the general economic situation improved modestly. Perceptions of recent economic developments strengthened to -5 index points, while expectations regarding the country’s economic outlook increased to 7, indicating a partial recovery in macroeconomic sentiment following the September decline.

Indicators related to household finances and the labor market show mixed but generally improving signals. Assessments of recent changes in personal financial position increased to 6 index points, while expectations for future personal finances rebounded strongly to 19, returning close to summer levels. Expectations regarding unemployment improved to -1 index point, suggesting a slight easing of labor market concerns.

Sentiment related to consumption decisions weakened slightly. The assessment of whether now is a good time to make major purchases deteriorated to -32 index points, while expectations about making major purchases declined modestly to 10, indicating continued caution in consumption intentions despite improved household financial expectations.

Indicators related to savings behavior showed a partial recovery but remain fragile. The assessment of whether now is a good time to make savings improved to 47 index points, while expectations about future savings remained deeply negative at -48, highlighting persistent concerns about households’ capacity to make savings amid rising price expectations. Assessments of current financial standing improved to -21 index points, reversing part of the sharp deterioration observed in September.

Overall, the October 2025 results indicate a partial and uneven recovery in consumer confidence, driven primarily by improved assessments of current financial conditions and household prospects. However, sharply worsening inflation expectations and continued weakness in savings sentiment continue to weigh heavily on confidence, underscoring the fragile and volatile nature of consumer sentiment.