Argentina Consumer Confidence November 2022

Argentina

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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 0.2% in 2023, which unchanged from last month’s forecast. For 2024, panelists expect private consumption to expand 2.5%.


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Argentina Consumer Confidence November 2022

Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assessment in consumer sentiment while values below 50 indicate a pessimistic assessment.
Source: Universidad Torcuato di Tella (UTDT).


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