In September, the Universidad Torcuato di Tella (UTDT) consumer confidence index dropped 1.1% over the previous month to 42.3 points, which was slightly up from the 1.9% fall recorded in August but marked, nonetheless, a fourth consecutive decrease. As a result, consumer sentiment moved further below the 50-point threshold that separates optimism from pessimism and currently sits at the lowest level observed since March 2010. The result was driven by a deterioration of the sub-index relating to the general economic situation, while the sub-index related to the personal economic situation improved compared to the previous month. The largest drop was experienced by households' long-term expectations (3 years) on the general economic situation (-7.3% month-on-month). Mirroring the overall negative reading, households' willingness to purchase durable goods deteriorated compared to August.
Argentina Consumer Confidence
Consumer confidence remains on downward trajectory
September 24, 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).