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Household Spending Sees Moderate Growth Amid Economic Concerns
Average spending per person in 2025 rose by 3.2%, reflecting a steady increase in household expenditure, particularly in critical categories such as housing, food, and transportation, which together constitute over 60% of total household spending.
According to the latest report from the National Institute of Statistics (INE), this upward trend in average spending per household continued as of June 25, 2026. However, despite this growth, underlying sentiment in the consumer market remains cautious, as indicated by a score_adj of 22, which suggests a notable level of fear among consumers regarding future economic conditions. Additionally, the coverage for this sentiment has reached a high of 4, indicating extreme fear in the market, a factor that could potentially dampen future spending momentum.
This is further highlighted by a recent three-month rate of change (roc_n3) of -0.0647, suggesting a slight contraction in spending growth momentum, which may raise concerns among economists and policymakers looking for sustained recovery in consumer confidence.