The Consumer Confidence Index once again showed “moderate optimism” and improved by 3.4 points compared to August.
He Consumer Confidence Index (CCI) remains within the zone of “moderate optimism”, although it showed an improvement compared to the previous measurement, in August. The purchase of durable goods were great drivers of consumer confidence in Uruguay.
After having returned to the “moderate optimism” zone in August, a place that it could not maintain since September 2022, the ICC once again showed a improvement in the vision of Uruguayans regarding their personal situation and the reality of the country.
Thus, the index prepared by the Catholic University of Uruguay (UCU) and the consultant Equipment It stood at 54.8 points in October, rising 3.4 points in relation to the August measurement – when it measured 51.4 points, also after an improvement of more than 3 points – and 5.4 points in interannual terms. .
With these figures, in addition, the ICC once again accumulates two months of good results, after the June survey showed a deterioration in confidence, which fell to levels of “moderate pessimism.”
Perception of the economy improves
According to the UCU and Teams report, “taking the bimonthly variation as a reference, the improvement of the indicator was driven by the three subindices that make it up, although the intensity of the advances was uneven.”
“Specifically, the greatest bimonthly boost to the ICC was given by the greater predisposition to purchase of durable goods, whose measurement increased six points compared to the August record. To a lesser extent, but in the same direction, the improved perception of the country situation (3.7 points) and personal situation (0.5 points),” the document added.
From the year-on-year outlook, Meanwhile, the improvement of the indicator also responded to the general increase in its three components: the predisposition to purchase durable products and the perception of the personal situation advanced 5.5 points, while the perception of the country’s situation rose by 5.5 points. 5.3.
Source: Ambito
