Expectations favored the ICC in April: Fedesarrollo

Although it remains in negative territory, the Consumer Confidence Index (CCI) improved in March. According to the Fedesarrollo report, reached – 11.4%, which represents 1.6 percentage points more compared to what was registered in March (-13.0%),

The report indicates that the Greater consumer confidence compared to March is explained by an increase of 4.0 percentage points in the Consumer Expectations Index.

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However, this result was partially offset by a decrease of 1.9 percentage points in the Economic Conditions Index, which went from -19.3% to -21.2%.

Fedesarrollo reported that if the results of the second quarter of 2023 (as of April) are compared with those of the first quarter of 2024, a decrease of 1.3 percentage points is observed in the CCI, going from -10.1% to -11.4%.

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Likewise, he adds that consumer assessment on the situation of their country and their households decreased by 3.5 percentage points and 1.5 percentage pointsrespectively.

Fedesarrollo also explained that consumers’ willingness to buy durable goods increased compared to the balance recorded in the first quarter of 2024. In the first quarter it was -26.2% while in the second it was -25.7%. %.

CONSTANZA GÓMEZ GUASCA