The recent evolution of consumer confidence in Argentina shows signs of economic recovery, though with clear cautious nuances. According to the Consumer Confidence Index (ICC), confidence increased by 31.13% year-on-year but registered a slight 0.3% monthly contraction in February. This trend reflects the duality of the current outlook, where moderate optimism about the future (+1.33% in expectations) contrasts with the deterioration in the perception of present conditions (-2.76%).The data confirms that Argentina’s economic recovery remains fragile and uneven, yet the year-on-year growth of over 30% in consumer confidence suggests a potential for improvement, provided that external conditions remain favorable and domestic demand continues strengthening. However, the monthly decline and the gap between income levels highlight areas with lower purchasing power and a perception of uncertainty in certain sectors.
February 21, 2025
SOURCE: INVESTOR IDEAS
Argentina’s Consumer Confidence Recovers with Relevant Nuances