Argentina: Consumer sentiment improves again in October
October 26, 2016
In October, the Universidad Torcuato di Tella (UTDT) consumer confidence index improved from the previous month’s reading of 43.3 to 46.0. Despite the increase, the index remains below the 50-point threshold separating pessimistic from optimistic sentiment. Confidence among Argentinian consumers has been negatively affected by the reforms that the Macri administration is undertaking, which have led to job cuts and a high rate of inflation.
In October, consumers were less pessimistic about their own economic perspectives compared to one month ago and their willingness to make major purchases improved from the previous month. Conversely, consumers’ assessment of the country’s macroeconomic situation deteriorated.
Author: Dirina Mançellari, Senior Economist