Argentina Consumer Confidence February 2021

Argentina

Argentina: Consumer confidence dips in February

March 14, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 37.8 in February from 38.2 in January. Therefore, the index moved further below the 50-threshold that separates optimism from pessimism among consumers.

Consumers were more pessimist over the general economic conditions in the year ahead. However, households’ willingness to purchase big ticket items strengthened, and they grew somewhat less pessimist over their future financial situation.

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

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Argentina Consumer Confidence February 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).


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