It fell back to 48.1 points in June, according to the ICC prepared by Equipos Consultores and the Universidad Católica del Uruguay.
He Consumer confidence index (ICC) that elaborate jointly Consulting Teams and the Catholic University of Uruguay (UCU) showed a decline to 48.1 points in June, which placed it at moderately pessimistic levels, an area that it had not reached since September 2022.
Thus, in the measurement, it showed a decrease of 3.8 points in relation to the previous record, corresponding to April, while, in the interannual comparison, the contraction was 2 points. From the ICU They alerted that the current figure represents the lowest level since April of last year, when it was at 45.9 points, at a particularly difficult time for domestic consumption.
He ICC It is made up of three sub-indices, which focus on the personal economic situation perceived by the Uruguayans; the one that has to do with the vision of the country’s economic situation; and a third that inquires into their predisposition to buy durable goods.
Regarding the personal situation of citizens, there was a two-month decline of 1.7 points, although there was an improvement of 0.8 points year-on-year. On the other hand, when evaluating the situation of the country, the subindex improved 1.3 points compared to June 2022 and 1.1 points compared to April.
Faced with this panorama, it can be deduced that it was the predisposition to purchase durable goods that most affected the fall in the ICC. It is that in the bimonthly comparison the decrease was 11.2 points, implying a drop of 7.9 points year-on-year.
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Unemployment, income and inflation expectations
according to ICC, expectations have also increased unemployment, even though that him INE reported that the number of people with employment is more than 1.7 million, a historically high figure.
On the other hand, the survey of the UCU and Consulting Teams showed that the expectations of income improved, in a context in which purchasing power continued to recover in recent months. Regarding the expectations of inflation, the study indicated that they are much better than a year ago, although they increased if compared on a bimonthly basis.
Source: Ambito
