This would compensate for the sharp drop that had been suffered in August. This was highlighted by the index prepared by Universodad Di Tella.
The CHF recovery was reflected in a generalized way in all the subindexes that compose it. The category Durable Goods and Real Estate was the one that grew the most, with a monthly increase of 12.02%driven by a more optimistic perception in the decisions of long term purchase.
Meanwhile, the subscript Personal Situation went up 5.78%while Macroeconomic Situation showed an improvement in 3.36% compared to the previous month.
In the year-on-year comparison, Durable Goods and Real Estate was located 14.64% above October of last year, while Personal Situation and Macroeconomic Situation recorded falls of 2.49% and 6.16%respectively.
Present conditions and future expectations
When observing the components of the index according to time horizon, the Present Conditions showed the most significant increase, with a advance of 10.74% monthly and a level 9.70% higher than October 2024.
Mass Consumption.webp
For their part, the Future Expectations increased 3.57% compared to September, although in the interannual comparison they remained 5.86% below.
In this way, the report states that “The short-term rebound has not yet translated into a sustained improvement in forward expectations.”, suggesting moderate confidence among consumers.
Evolution by region and socioeconomic level
The behavior of the index was disparate between regions and income stratashowing different levels of recovery.
-
In the Autonomous City of Buenos Airesthe ICC fell 0.74% compared to September, although it remained 2.19% above October 2024 level.
-
In it Greater Buenos Airesthe indicator increased 7.84% monthlybut continue 0.79% below in interannual terms.
-
In it Interior of the countrytrust rose 7.43% in the monthlocating 0.49% below the record from a year ago.
By income level, measured through the household’s educational level, differences were also evident:
-
The high income households recorded an improvement in 11.75% monthlysurpassing 2.06% the value of October 2024.
-
The low income householdsHowever, they showed a slighter increase of 2.15%and still remain 1.95% below the year-on-year level.
In summary, the report of the Di Tella University reflected a partial rebound in consumer confidencedriven mainly by optimism in the purchase of durable goods and the perception of improvement in current conditions. However, expectations for the future and regional and social gaps continue to be cautionary factors for consumption in the coming months.
Source: Ambito
