Consumer confidence rose 2% in July, but future expectations deteriorated

Consumer confidence rose 2% in July, but future expectations deteriorated

The usual report of the Torcuato Di Tella University showed a new advance after June.

Consumer confidence rose 1.97% in July compared to Juneafter last month registered a 0.3% drop to be close to nearby levels of the end of 2017, although future expectations deteriorated.

The index of Consumer trust (ICC) that the Finance Research Center (CIF) of the Torcuato Di Tella University showed an interannual advance of 18.61% in relation to the same month last year, and one of 0.8% in the annual accumulated. Although higher CCP levels in January and February of the current year, no similar values were recorded since November 2017.

However, when analyzing the ICC components for term, the present conditions increased 6.91% in the month, while the Future expectations 1.41%decreased.

ICC

The ICC did not bring so much since November 2017.

The ICC did not bring so much since November 2017.

CABA led the rebound in consumer confidence

In segmentation by regions, CABA led the increase in ICC in July by throwing a 7.69% variation compared to June, while in the GBA The ICC grew 1.94% in the month. In it inside From the country there was a slight monthly drop of 0.56%.

In the interannual comparison, all regions showed increases: CABA 30.05%, GBA 18.94%and Interior with 13.22%. The ICC climbed 5.64% in the High income homesbut fell into those of Low income to 2.16%.

In the division by subscripts, in July he highlighted the increase of 8.97% in durable and real estate, followed by a rise of 2.48% in the personal situation. However, the perception of the macroeconomic situation was worsened, with a 3.21%drop.

Source: Ambito

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