Argentina: Consumer confidence dips in September
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased from 41.3 in August to 40.3 in September. Therefore, the index moved further below the 50-threshold that separates optimism from pessimism among consumers, where it has been for over two years.
September’s decline was broad based. Consumers were more pessimist over their current and future financial situation, and over general economic conditions ahead. Moreover, households’ willingness to purchase big ticket items weakened in the month.