The Economic Confidence Index in January 2026 remained unchanged at 99.4, holding steady from the revised figure in the previous month. Consumer morale edged up slightly, rising to 83.7 from 83.5, signaling a modest improvement in household sentiment. Confidence in the real sector (manufacturing) softened, with the index slipping to 103.0 from 103.7, suggesting a slight decline in producers’ expectations. Services outlook strengthened, climbing to 113.8 from 112.3, while retail trade confidence fell to 112.6 from 115.4, reflecting weaker optimism in the retail sector. The construction outlook index also improved, increasing to 85.7 from 84.5, pointing to a brighter outlook in the building sector.