The Consumer Confidence Index (ICC) was released, showing a drop to 39.94 points in August, a 13.9% decline compared to July (46.37) and marking the worst level since September 2024. The data reflects the change in the economic climate: after a July marked by a rise in the official dollar of more than 13% and the drop in rates, August brought an opposite scenario, with a 6% drop in the currency and an increase in the cost of credit. This turn increased alerts about a possible economic slowdown and deteriorated consumer expectations, who adjusted their spending plans downward. Continue reading here.