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2h ago

Argentina Consumer Confidence Slips in September, With Sharp Regional and Income Splits

A 0.33% monthly dip masks stark splits, with gains concentrated in CABA alongside lower‑income households.

Nueva caída en la confianza del consumidor
Image
Volvió a caer la confianza del consumidor en septiembre

Overview

  • UTDT’s Consumer Confidence Index fell 0.33% in September, marking a second consecutive monthly decline, and stood at 39.81, 2.08% above a year earlier.
  • From December 2024 to September 2025, the index accumulated a 13.5% drop, underscoring a weak year-to-date trend.
  • CABA recorded a 9.58% monthly increase, while the Gran Buenos Aires area fell 0.84% and the Interior declined 3.73%.
  • By income tier, lower‑income households rose 6.65% month over month and 10.67% year over year, versus a 5.20% monthly fall and 4.02% annual drop for higher‑income households.
  • Subindices sent mixed signals: Macroeconomic (+7.41%) and Future Expectations (+6.59%) improved, Conditions Present fell 9.83%, and Durables & Real Estate dropped 14.87% with steeper declines in autos and housing (‑21%) and appliances (‑10.7%).