Argentina Consumer Confidence April 2021

Argentina

Argentina: Consumer confidence drops in April

May 15, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 35.3 in April from 38.2 in March, logging the worst reading in two years. Therefore, the index moved further below the 50-threshold that separates optimism from pessimism among consumers.

Consumers grew more pessimistic over the general economic conditions in the year ahead and they were also more downbeat over their future financial situation. Moreover, households’ willingness to purchase big ticket items weakened considerably.

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 April 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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