People think the economy is getting better but their personal situation is getting worse

people feel that the economy is generally improvingbut it is pessimistic about your personal situation and their ability to acquire durable goods and real estate. That is one of the conclusions of the latest index Consumer confidence prepared by Di Tella University monthly.

The predisposition for purchases of appliances, houses and cars dropped 13.4% in April compared to the previous month. It fell more in Greater Buenos Aires (17.1%) and within (15.3%) than in the City of Buenos Aires (0.1%).

At the national level, the predisposition to purchase fixed assets such as appliances fell 14.4%, and the perception for purchases of basic commodities (e.g. cars and houses) fell 11.6%always with respect to March.

Thus, the index measures the personal situation of those surveyed fell by 5.6% compared to last month.

Compared to the past (a year ago), it has fallen more (9.8%) than they see going forward (it has fallen by 2.7%).

Conversely, the index measures expectations short and medium term regarding the presented macroeconomic situation a strong increase (of 7.8%) compared to March.

But people have more hope in the long run than in the short termwhere expectations worsened.

All this data was used by the university to build the consumer confidence index which, at the national level, had an interannual improvement of 1.1%, but it dropped 3.2% against March.

In regional terms, CABA rose 9%, Interior rose 5.9%, and GBA showed a negative variation of 3.9%, compared to April 2021.

At the level of education (parameter used by Di Tella as an estimate of income level), confidence dropped by 1.9% to the highest level compared to last year and increased by 4.1% to the lowest. Compared to March the low -income group shows more pessimism, with a fall of 5.4% over high income (-1.1%).

NE