Confidence in lower-income households fell by 11% between January and February, while in higher-income households the year-on-year variation was 30.96%, compared to 28.77% in lower-income sectors. February marks a turning point in the recovery of consumer confidence, with mixed signals about the current and future economic perception. Nevertheless, the future expectations sub-index shows an increase of 28% compared to February 2024.
The director of the study, Sebastián Auguste, explained that the year-on-year increase in the Consumer Confidence Index (CCI) is mainly due to improvements in Current Conditions (+79.46%), while Future Expectations rose by 12.47%. By sub-indices: Macroeconomic Situation: +1.07%, Durable Goods and Real Estate: -1.03%, Personal Situation: -1.26%.
The report reveals significant differences based on income level. The CCI showed its first decline in five months in February, with a decrease of 0.3% compared to January. However, in year-on-year terms, the indicator shows an increase of 31.13%. Surveys conducted between February 3 and 13 reflect an improvement in the perception of the macroeconomic situation (+1.1%), although respondents believe their personal situation worsened (-1.3%).
Confidence in higher-income sectors is 11.5% higher than in lower-income sectors.
