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Spain's consumer confidence falls by 6.3 points in October

Xinhua, November 3, 2015 Adjust font size:

Spain's consumer confidence fell by 6.3 points from September to October to 99.8 points, indicating a negative perspective of Spain's economic situation, according to data published on Tuesday by the Sociological Research Centre (CIS).

The Consumer Confidence Indicator (CCI) ranges between 0 and 200 points, with ratings over 100 points considered as positive perceptions of the economic situation and ratings below that figure indicating a negative perception.

October's figure is the lowest level since February. The fall was due to more pessimistic opinions about both indicators, the indicator of the current economic situation and the indicator of people's expectations for the future.

The indicator of people's expectations for the future fell by 4.7 points to a total of 110.2 points, while the indicator of the current economic situation fell by 7.8 points to 89.4 points.

The CIS did more than 1,500 interviews for the CCI which helps forecast the evolution of the country's economy taking into account consumers' behavior that directly affects domestic demand. Endit