However, the year-on-year improvement in the index prepared by Equipos Consultores and the Catholic University of Uruguay is significant.
The consumer confidence fell in June after reaching a high of almost 10 years in April, according to the indicator developed by Consulting Teams and the Catholic University of Uruguay (UCU), although it remains at high levels.
He Consumer confidence index (ICC) thus reflected a lower predisposition to purchase durable goods, with a drop of 5.1%, which could not be offset by the rise of 1.7% around the personal situation and 2.9% about the situation of the country.
Punctually, the ICC The indicator fell to 55.9 points last month, a slight drop from 56.1 in April. However, in the year-on-year comparison, there was a significant increase compared to June last year, when the indicator was 48 points.
Taking June 2023 as a reference, it can be seen that the perception of the personal situation is 6% higher, while it was 7.1% in the purchase of items, mostly due to the 2.5% deterioration in household appliances and 7.7% in vehicles and real estate.
In addition, the improvement is 10.3% on confidence in the economy. Regarding the future situation, the decrease was 0.1%, but it is worth noting that it grew by 6% when asked what is expected for the next three years.
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Expectations on inflation, unemployment and income
On the other hand, the survey by Equipos Consultores and the UCU added dimensions aimed at capturing changes in consumer sentiment, such as expectations of inflation, which fell compared to April. The decline is even greater when taking into account the data for June 2023.
Instead, expectations of unemployment of the Uruguayans worsened compared to April, but improved year-on-year. Finally, in the case of the income, There were no significant changes in the projections, either on a bi-monthly basis or in the year-on-year comparison.
Source: Ambito
