The consumer confidence reached highs of almost 10 years, with an improvement in optimism regarding the personal situation of the Uruguayans, as well as in the economic situation of the country, according to the indicator they prepare Consulting Teams and the Catholic University of Uruguay (UCU).
He Consumer confidence index(ICC) increased 3 points in February compared to the November measurement, reaching 56.6 and reaching levels that it did not achieve almost a decade ago. If analyzed on a year-on-year basis, the increase is 1.9 points.
From Consulting Teams they valued that the ICC It has remained within the zone since August. moderate optimism and is close to going up a step, towards the category of “reasonable optimism”, which starts at 60 points.
With respect to the reality of the country, the improvement in the indicator reaches 4.6 points, by surveying the perception of the country’s economic future in one year and three years, with an improvement for both horizons.
Refering to personal situation, The improvement reaches almost 8 points compared to November, with an increase of 2.1 points in relation to the current reality and of 7.2 points thinking about the future.
However, the data demonstrated a lower predisposition to purchase of durable goods, although the decline in this subindex was only 0.2 points, linked to a lower inclination to purchase vehicles and properties.
Expectations about inflation and unemployment
Finally, the complementary confidence indicators of the survey were disparate. It is that the expectations of unemployment They improved, both in comparison with November and year-on-year.
On the other hand, despite the good CPI data this Wednesday, there was a slight worsening in the inflation expectations compared to those projected three months ago, but an improvement compared to February 2023.
Furthermore, in what has to do with the income expectations, The CCI shows a deterioration both quarterly and year-on-year.
Source: Ambito
