The index of Consumer trust that elaborates the Finance Research Center (CIF) of the Torcuato Di Tella University (UTDT) registered in June a 22.15% improvement Regarding the same month last year, although with A slight decline from 0.3% in relation to May.
This is revealed by the latest CIF report in which it stands out that in the accumulated of the First 6 months a 1.3% decline is recorded in relation to December 2024.
The UTDT index coexists with other data that mark falls from Mass consumption, as in the case of Focus Market consultancy, with 3.2% and SME sales for Father’s Day that Came elaborates that lowered 1.7%.
While the public confidence data in the economy remains above 2024you begin to see a certain deterioration of indicators.
In the case of the CIF report, it is indicated that “The confidence levels achieved in May and June are similar to those at the end of 2017 and early 2018”. It clarifies that these levels are better than the entire government period of Alberto Fernández.
The June trust index reached 45.48 points, almost equal to May, which was 49.9 points. It should be remembered that the index is made based on a series of questions about past and future situation, both personal and at the macro level. Consultations are also made by education levels.
Thus, in the case of perception of personal situation, 1.3% dropped due to 45.89 points. That is due to a year ago there was an improvement of 3.5% (37,78) while One year ahead the expectation drops 4.4% (54).
Regarding perspective Macro, the June index was 53.93 pointsindicating a decrease of 2.3% compared to May. This has as components a decrease of 3.7% compared to the economy in the short term (49.56) and a 1.1% drop for the long term (58,29).
All this coexists with a Improvement in the public disposition to buy durable goods. The report indicates that this indicator 5.3% to 36.61 points rises. That is composed of an increase of 2.5% for appliances (42.56) and cars and houses.
Source: Ambito
