Argentina: Consumer confidence falls in November
November 30, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 35.1 in November from 35.6 in October. Consequently, the index moved further below the 50-threshold that separates optimism from pessimism among consumers.
Consumers grew more pessimistic over their future financial situation and their expectations over the general economic conditions in the year ahead deteriorated. Moreover, consumers’ willingness to purchase big ticket items weakened.