The Economic instability, job security, increasing poverty and higher taxes remain at the top of the list of issues that that most concern the publicaccording to a survey conducted by the Catholic University of Argentina (UCA).
This is about the Economic Uncertainty Index, which is prepared by this educational institution based on the analysis of journalistic texts of the month with the support of Artificial Intelligence.
“The index value in July was 60.2. That is, on average, for every 10,000 words in economic messages, 60.2 words linked to uncertainty were detected,” the report states.
The report further indicates that “The latest measurement resulted in the lowest value of the last 18 months”“To find a lower value, we must go back to January 2023 when the index was equal to 57,” the report says.
“As a result of the persistent decline, the index value in July is 33% below the historical record. of the series observed in November 2023,” explains the UCA work. In it, it adds that “The fall is largely explained by the drop in inflation levels and the consequent reduction in the perception of economic instability.”
The reasons for concern change
According to the report, so far this year, References to economic instability continued to decline. Last month, if you add up the mentions related to the Inflation and the dollar accounted for 35.1% of the topics discussed. In January, they accounted for 43%.
In contrast, the growth of references to work and poverty, which in July represented 29.4% and 27.2% respectively. Since January the sum of references to These two issues have grown by 8.3 percentage points.
Improves consumer confidence
On the other hand, the Consumer Confidence Index prepared by the Center for Research in Finance (CIF) of lto Torcuato Di Tella University marked in July a increase of 5.02%.
“Is the highest positive monthly variation of the year. Compared to January 2024, the ICC to“It has accumulated an increase of 9.8%, being higher for lower-income households (13.2%) than for high-income households (8.7%),” the report states.. In comparison year-on-year, however, The value for July is 10.25% lower.
“Positive monthly variations are observed for all sub-indexes, Personal Situation increased by 4.01% and Macroeconomic Situation by 3.97%. Durable Goods and Real Estate, on the other hand, continued to rise, with a monthly increase of 9.92%,” the CIF said in a report.
Another differential aspect compared to June is that both Current Conditions and Future Expectations increased (9.99% and 2.85% respectively). Future Expectations recovered after two consecutive months of negative monthly variations (May and June).
Source: Ambito
