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3h ago

Argentina Consumer Confidence Plunges 13.9% to 11-Month Low in August

The fall was broad across regions and income groups, hitting lower‑income households hardest.

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Overview

  • CIF/Universidad Torcuato Di Tella measured the Index of Consumer Confidence at 39.94 points for August based on surveys in 40 major urban areas.
  • Present Conditions fell 14.89% from July yet remain 21.76% above August 2024, while Future Expectations dropped 13.10% month over month and 16.36% year over year.
  • By subindices, Personal Situation declined 12.89%, Macroeconomic Situation slid 13.73%, and Durables & Real Estate sank 15.20%.
  • Regionally, the steepest monthly falls were in CABA (−21.48%) and Greater Buenos Aires (−15.86%), compared with a smaller drop in the Interior (−7.07%).
  • Lower‑income households saw a sharper monthly decline in confidence (−18.33%) than higher‑income households (−10.27%), and coverage notes the ICC has risen only 0.3% since President Javier Milei took office.