Consumer confidence fell in October, after three consecutive increases

Consumer confidence fell in October, after three consecutive increases

“In the inter-annual comparison, the Consumer Confidence Index shows a positive accumulated variation of 3.6%. In the year, Consumer confidence accumulates an increase of 2.3% (variation October 2021 against December 2020), and with respect to the pre-pandemic levels (February 2020) the ICC is 5.9% below”, He emphasized.

The index has three components, and this month, in comparison with last month, small falls were observed in the sub-indices of Personal Situation and Durable Goods and Real Estate (1% and 1.7% respectively). On the other hand, the Macroeconomic Situation sub-index remained stable in the measurement of October with respect to September “

In the year-on-year comparison, the national ICC increased 3.6%. If we break down the interannual comparison by components, they all increased: Personal Situation 2.3%, Macroeconomic Situation 0.2% and Fixed Assets and Real Estate rose 4.5% ”, he said.

By educational level, which we take as an approximation to the individual’s income level, confidence fell 7.5% in the group of consumers with the highest educational level / income and increased 3.2% in consumers with the highest educational level / income. low, always compared to September.

In the year-on-year comparison, households with the highest educational level / income showed a cumulative increase of 5.1%, while households with the lowest educational level / income showed a cumulative increase of 0.4%, always with respect to October of the year. last.”

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