Argentina: Consumer confidence dips in November
The Universidad Torcuato di Tella (UTDT) consumer confidence index dipped to 39.7 in November from 40.2 in October, marking the weakest reading in four months. Therefore, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers’ expectations over the general economic conditions in the year ahead worsened considerably. On the flip side, they grew less pessimistic over their future financial situation, and their willingness to purchase big ticket items also improved.