Consumer confidence rose again in September: what factors drove it

Consumer confidence rose again in September: what factors drove it

Meanwhile, the Di Tella report indicated that all the ICC sub-indices showed slight monthly improvements: Personal Situation rose 0.7%, Macroeconomic Situation 0.3%, and Durable and Real Estate Goods 0.05%, always compared to last month.

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On the other hand, it pointed out that, measured by educational level or income level of the individual, confidence fell 2.6% in the group of consumers with the lowest income, and rose 3.9% in consumers with the highest income level, always compared to the month of August.

He added that the predisposition for the acquisition of household appliances, houses and cars (Durable Goods and Real Estate) rose 0.05% compared to the previous month.

He explained that, in September, the Fixed Assets and Real Estate sub-index rose 8.8% in Capital, 3.6% in the Interior, and decreased 5.2% in GBA, always compared to August. Regarding said subindex at the national level, both components showed variations in opposite directions. The predisposition for the purchase of fixed assets such as household appliances rose 6%, while the perception for the purchase of major goods (such as cars and houses) decreased 10.3%, always with respect to last month’s measurement.

The last aspect to analyze is a monthly increase in the Present Conditions component (2%), and a decrease in the Future Expectations component (0.6%).

Source: Ambito

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