In December, the Universidad Torcuato di Tella (UTDT) consumer confidence index plunged 7.3% to 52.6 points from the 56.7 points recorded in November, marking the largest monthly drop since October 2008. Despite the strong deterioration, however, consumer sentiment remains above the 50-point threshold separating optimism from pessimism. Prospects of a global slowdown and the first signs of cooling of the domestic economy largely affected December's result. Both the sub-index relating to the general economic situation and the personal economic situation sub-component decreased strongly from the previous month's results. Accordingly, households' willingness to purchase durable goods deteriorated notably compared to the previous month.
Argentina Consumer Confidence
Consumer confidence plunges in December
December 26, 2011
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Argentina Economic News
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