The BID / TTP Economic Optimism Index came in under expectations.

Current: 47.90

Previous: 50.30

Consensus: 48.70

The BID / TTP Economic Optimism indicator measures the level of confidence of consumers and the optimism about the economic activity. It's an important part of the total economic activity, as it can predict consumer spending.

This report, published by BID and TTP is based on a survey conducted on about 900 consumers.

Any reading above 50 points indicates optimism, while under it indicates pessimism.