Argentina Consumer Confidence November 2021

Argentina

Argentina: Consumer confidence dips in November

December 1, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index dipped to 39.7 in November from 40.2 in October, marking the weakest reading in four months. Therefore, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.

Consumers’ expectations over the general economic conditions in the year ahead worsened considerably. On the flip side, they grew less pessimistic over their future financial situation, and their willingness to purchase big ticket items also improved.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 3.1% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists expect private consumption to expand 2.5%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence November 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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