The Consumer Confidence Index (CCI) prepared by the Torcuato Di Tella University experienced an 8.8% increase in October compared to the previous month, reversing the 5.9% decrease recorded earlier. According to the recently published report, compared to the lowest point reached in January 2024, the October index was 19.15% higher, although it fell by 5.96% year-on-year.
The report details that this monthly increase is due to positive variations in all analyzed sub-indexes. In the breakdown, it highlights that "Durable Goods and Real Estate" shows a growth of 14.66%, followed by "Personal Situation" with an increase of 8.10%, and the "Macroeconomic Situation" that grows by 6.47%.
When analyzing the components of the index by timeframe, it is observed that the increase was greater in the "Present Conditions," with a 13.37% rise compared to the "Future Expectations," which increased by 6.34%. This suggests short-term optimism and greater long-term uncertainty.
Regarding income levels, the increase recorded in October is mainly explained by lower-income households, which experienced a monthly increase of 15.30%, while high-income households saw an increase of 5.10%.
