Argentina Consumer Confidence


Consumer sentiment falls in March

In March, the Universidad Torcuato di Tella (UTDT) consumer confidence index fell 1.5% over the previous month to 46.9 points. The expansion contrasted the 1.6% rise recorded in February and marked the first deterioration after a streak of three consecutive rises. As a result, consumer sentiment moved away from the 50-point threshold that separates optimism from pessimism.

The deterioration 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 February.

LatinFocus panellists see total consumption growing 3.7% this year, which is down 0.1 percentage points from last month's forecast. Next year, panellists expect consumption to expand 3.3%.

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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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