In November 2025, the consumer confidence index declined from 97.6 to 95.0, falling short of the expected 97.6. This drop was reflected across all components of the index. The future climate indicator fell sharply from 94.1 to 90.2, while personal confidence decreased from 97.0 to 94.5. Economic confidence also weakened, moving down from 99.3 to 96.5, and the current situation index fell from 100.2 to 98.6.

On a more positive note, manufacturing confidence improved slightly, rising from 88.4 to 89.6. There were better assessments of order books, which increased from -19.2 to -17.7, and production expectations improved from 2.2 to 3.5. Additionally, inventory levels were seen as decreasing, with the relevant balance dropping from 2.3 to 1.4.

For forex traders, these figures suggest a slight easing in consumer sentiment, which may temper expectations for short-term domestic demand. However, the improvement in manufacturing confidence points to some resilience in the industrial sector. Overall, this report is unlikely to be market-moving but provides useful insights into current economic trends.

Original Source: Giuseppe Dellamotta of investinglive.com