Business climate: Economic Sentiment SurveyBusiness climate: favourable, but slightly weaker. In June, the economic sentiment index remained above its long-term average and that of the Eurozone, but weakened for the second consecutive month (102; -1.4 points m/m). The indicator for industry fell by 1.2 points due to a deterioration in production and order books. Industrial companies' expectations for production in the coming months reached their lowest level since February 2021, reflecting a deterioration in the outlook.
Households: Retail trade
(% change m/m, volume)Household consumption remains buoyant. Retail sales rose by 0.2% m/m in volume terms in May, reaching their highest level for this month since 2022. New vehicle registrations remain buoyant (+5.5% y/y in June), and the Ipsos household confidence index remains high by historical standards (50; -0.2 points m/m).
