Consumer confidence increased for the first time since January

The consumer confidence climb in May for the first time since January according to the monthly index prepared by Di Tella University. that variable grew 1.6% compared to April, after a three -month decline.

After rising 6.3% in January, consumer confidence dropped 1.8% in February, 6.4% in March and 3.2% in April.

In terms YoYthe indicator will also be visible this month increase of 2.4%according to the Finance Research Center (CIF) of the University’s Business School based on surveys conducted between May 2 and 11.

Sebastián Auguste, director of the CIF, explained that if it is broken down by region, the index fell 0.6% in Buenos Aires, while inside the rose 3.5% and in Greater Buenos Aires it showed a positive variation of 2.8%, always relevant to May 2021.

The various parameters that make up the confidence index showed different monthly variations: while the “personal situation” dropped by 0.4% and the “macroeconomic situation” dropped by 2.7%, ”durable goods and real estate “up 11.4%compared to last month.

“With the income level, which is in line with the education level, confidence for low -income consumers decreased by 0.5%, and increased by 3.5% for high -income consumerswith respect to last month’s measurement ”.

NE