Argentina: Consumer confidence drops in April
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.