Consumer confidence grew 6.4% in June and reinforces the economic recovery driven by Milei

Consumer confidence grew 6.4% in June and reinforces the economic recovery driven by Milei
Consumer confidence grew 6.4% in June and reinforces the economic recovery driven by Milei

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The Consumer Confidence Index (CCI) of CIF-UTDT jumped to 42.71 points, the largest monthly increase of the year

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The Consumer Confidence Index (CCI) from the Finance Research Center at Torcuato Di Tella University rose 6.41% in June, reaching 42.71 points.

This is the largest monthly jump of the year and covers all dimensions of the index: personal situation, macroeconomic outlook, and willingness to purchase durable goods.

Nearly 20% recovery since the low in January 2024

When Milei took office and implemented the stabilization plan, confidence hit a low of 35.60 points in January 2024. Since that minimum, the index has accumulated a rise of 19.97%.

The adjustment was painful, but Argentine consumers themselves now recognize that it was the starting point of a genuine recovery.

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  4. LALI SE RINDE ANTE MILEI: "ME GUSTA QUE MI PRESIDENTE ESCUCHE MI MÚSICA" La cantante Lali Espósito sorprendió al celebrar que Javier Milei escuche sus canciones, luego de que el presidente revelara que, tras sus enfrentamientos públicos, se puso a escuchar su música y algunos temas le gustaron. "Parece que ahora es muy de escuchar Lali a la mañana... Que mi presidente escuche mi música, obviamente que me gusta".

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  5. ☪️ | ARGENTINA NO SERÁ ISLAMIZADA: EL GORDO DAN DESMINTIÓ LA CIFRA FALSA DE QUE HAY UN MILLÓN DE MUSULMANES EN ARGENTINA: "FALSO. SON ENTRE 45 MIL Y 100 MIL" @GordoDan_ cruzó a la concejal musulmana del PRO, Soher El Sukaria, quien aseguró que hay un millón de musulmanes en el país, y respondió con estimaciones de Pew Research y OCREAR/UBA que sitúan la población musulmana entre 45.000 y 100.000 personas. "Mienten a propósito y confunden adrede población musulmana con inmigración árabe en la Argentina, que fue en su enorme mayoría CRISTIANA (9 a 1)".

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Almost 20% recovery since the January 2024 low
Almost 20% recovery since the January 2024 low

The conurbano leads: +10% monthly in the GBA

By regions, the surprise comes from Greater Buenos Aires, historically resistant to the libertarian program: it rose 10.01% in just one month, the largest regional increase. That the Buenos Aires conurbano shows the highest monthly optimism demonstrates that economic improvement is reaching popular sectors, not just Milei's traditional voters.

The poorest grow more than the richest

Another fact that dismantles the opposition narrative: low-income households rose 7.16%, surpassing the increase of high-income households (+5.34%).

The poorest grow more than the richest
The poorest grow more than the richest

The durable goods component for low incomes climbed 8.04% in the month. The recovery has a progressive component that the narrative of "adjustment on the poor" cannot explain.

It is not hope, it is present reality

In June, Present Conditions grew 8.77%, more than Future Expectations (+4.85%). When what the consumer is already experiencing today improves more than what they expect for tomorrow, the economy is in real expansion. Argentines are not betting on the future: they are already feeling the results.