In February, the Universidad Torcuato di Tella (UTDT) consumer confidence index plunged 8.2% over the previous month to 52.6 points, marking the largest monthly decline since October 2008. With the February reading, consumer sentiment edged 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 deteriorated compared to the previous month's results. The largest drop was experienced by household's short-term expectations on the Argentinean economy (-12.0%), as first signs of cooling begin to surface. Against this backdrop, households' willingness to purchase durable goods also decreased notably compared to January.
Argentina Consumer Confidence
Consumer confidence plunges in February
February 27, 2012
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Argentina Economic News
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