Argentina Consumer Confidence


Consumer sentiment drops sharply in April

In April, the Universidad Torcuato di Tella (UTDT) consumer confidence index fell 6.1% over the previous month to 44.1 points. The result followed the 1.5% drop recorded in March and marked the largest decline in one year. As a result, consumer sentiment moved further below the 50-point threshold that separates optimism from pessimism.

The deterioration was broad-based and was driven, in particular, by households' more pessimistic expectations regarding the general economy in the short run (12 months). Against this backdrop, households' willingness to purchase durable goods also deteriorated compared to March.

LatinFocus panellists see total consumption growing 3.3% this year, which is down 0.1 percentage points from last month's forecast. Next year, panellists expect consumption to expand 3.2%.

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence April 2013

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).

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