CIS - Centro de Investigaciones Sociológicas

Following an agreement between the ICO (Instituto de Crédito Oficial) and the CIS (Centro de Investigaciones Sociológicas), the CIS will prepare the Consumer Confidence Indicator as of November.

The Centro de Investigaciones Sociológicas (CIS) will, as of this month, prepare Spain's Consumer Confidence Indicator (CCI). This indicator was designed and launched by the Instituto de Crédito Oficial (ICO) in September 2004 and this latter institution has, since then, been responsible for preparing it and its monthly publication.

The agreement signed by the President of the ICO, José María Ayala Vargas, and CIS President, Ramón Ramos Torre, ensures that the CCI will be maintained, guaranteeing the continuity of the historical series, its methodological rigour and the proven quality of the data it provides.

As of November, it will be the CIS that will conduct the monthly survey, calculating the results, maintaining the methodology with which the CCI has been calculated since the series started and making the results available to all interested parties, as it does with all its studies.

The CCI offers a monthly assessment of the recent evolution and outlooks of Spanish consumers regarding the Spanish economy, their family economy and employment, in order to forecast their consumption decisions. In December, the index for November, together with those corresponding to the months of July, August, September and October will be available on the CIS website (www.cis.es). The media will be advised of their publication sufficiently in advance.