Argentina Consumer Confidence October 2016

Argentina

Argentina: Consumer sentiment improves again in October

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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption falling 1.2% in 2016, which is up 0.9 percentage points from last month’s forecast. For 2017, panelists expect private consumption to increase 3.2%, which is unchanged from last month’s estimate.


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Argentina Consumer Confidence October 2016 0

Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assessment in consumer sentiment while values below 50 indicate a pessimistic assessment.
Source: Universidad Torcuato di Tella (UTDT).


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