Consumers observe the future economic situation with greater confidence. The increase in December follows the 6.1% recorded in November and 8.8% in October, according to measurement by the Torcuato Di Tella University.
He consumer confidence index continues its path of improvement and rises 2.3% in December compared to November, as measured by the Finance Research Center of the Business School of the Torcuato Di Tella University.
The Inflation continues its slowing pathwhen touching the 2.4% in November, a minimum of July 2020. Thus, consumers observe the future economic situation with greater confidence. The December increase occurs after the 6.1% registered in November and 8.8% in October.
“The CCI stands at 46.03, and is the highest value recorded in 2024. Compared to the floor of January 2024, the index is 29.29% higher in December, and in the interannual comparison it is 15. 63% up compared to December 2023”, as specified Sebastian Augustedirector of the UTDT Finance Research Center.
In this sense, Auguste highlighted that the personal situation of those surveyed present the largest positive monthly variation, by showing an increase in 3.48%, followed by durable goods and real estate that increases a 2.04% and the macroeconomic situation with a 1.36%.
“From this perspective, the increase was more pronounced in the present conditions (2.8%) compared to Future expectations (1.93%). In relation to January 2024, the present conditions record a cumulative increase in 75.11%, while the future expectations they reach a 12.03%. This shows that the increase in the CCI is mainly driven by a significant improvement in the perception of the current situationunlike 2023, when the growth of the CCI was largely attributed to future expectations,” analyzes the specialist.
Regarding income, the same behavior is observed as in October, “unlike November: a generalized, but heterogeneous increase. Households with lower incomes registered a monthly increase of 1.59%, while those with higher incomes showed a rise of 2.93%,” he added.
Finally, the improvement in the consumer confidence index, in lower-income households, is explained by the increase in the durable goods and real estate subindex, this month driven especially by the purchase of Appliances (+11.83%). While, in those with high incomes it is explained by the personal situation which had an improvement of 4.25%, mainly driven by the comparison with the situation in December 2023.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
