Argentina Consumer Confidence September 2020

Argentina

Argentina: Consumer confidence dips again in October

October 23, 2020

The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased from 40.3 in September to 38.8 in October. Therefore, the index moved further below the 50-threshold that separates optimism from pessimism among consumers, where it has been for over two years.

Consumers were more pessimist over their current and future financial situation, and over general economic conditions ahead. On the flip side, households’ willingness to purchase big ticket items strengthened considerably in the month.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 12.4% in 2020, which is down 0.4 percentage points from last month’s forecast. For 2021, panelists expect private consumption to increase 5.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence October 20 20

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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