Argentina Consumer Confidence October 2021

Argentina

Argentina: Consumer confidence dips in October

November 5, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index dipped to 40.2 in October from 40.5 in September, which had marked the best reading since November 2020. Therefore, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.

Consumers grew more pessimistic over their future financial situation, and their willingness to purchase big ticket items also deteriorated. On the flip side, their expectations over the general economic conditions in the year ahead were unchanged.

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 October 2021 0

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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