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.