In May, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose 5.9% over the previous month to 46.4 points, contrasting the 12.7% decrease recorded in April and marking a first increase after three consecutive drops. As a result, consumer sentiment moved closer to the 50-point threshold that separates optimism from pessimism. Both sub-indices relating to the general economic situation and to the personal economic situation improved compared to the previous month. The largest increase was experienced by households'short-term expectations on the general economic situation (+13.9%). In addition, households'willingness to purchase durable goods improved compared to April.
Argentina Consumer Confidence
Consumer confidence improves in May
May 28, 2012
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Argentina Consumer Confidence Chart
Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assesment in consumer sentiment while values below 50 indicate a pessimistic assesment.
Source: Universidad Torcuato di Tella (UTDT).
Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).