Published on Tuesday, June 17, 2014 | Updated on Wednesday, June 18, 2014

Consumption Outlook. First Half 2014

• Private consumption is undoubtedly recovering, particularly durable goods. • Increased expenditure is due to better fundamentals, more financing, less uncertainty and temporary stimuli, such as the PIVE programme (incentives to buy energy-efficient cars). • Substituting nationally-produced products for imported goods, as a result of changing preferences, accounts for 60% of the fall in consumption imports during the crisis. • Households with lower incomes are bearing higher inflation because their consumption is concentrated on products whose prices are more rigid to the downside.

Associated documents for downloading



Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in