Argentina Consumer Confidence June 2021


Argentina: Consumer confidence at over two-year low in June

July 7, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 34.6 in June from 35.4 in May, marking the worst reading since April 2019. Therefore, the index moved further below the 50-threshold th0at separates optimism from pessimism among consumers.

Consumers were somewhat more downbeat over their future financial situation and households’ willingness to purchase big ticket items also weakened. On the flip side, they grew slightly less pessimistic over the general economic conditions in the year ahead.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 4.8% in 2021, which is down 0.9 percentage points from last month’s forecast. For 2022, panelists expect private consumption to expand 3.0%.

Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Argentina? Download a sample report now.


Argentina Consumer Confidence Chart

Argentina Consumer Confidence June 2021

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).

Argentina Economic News

More news

Search form