Argentina: Consumer confidence falls deeper into pessimistic terrain in April amid containment measures
May 13, 2020
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to a near one-year low of 39.3 in April from 41.2 in March amid containment measures. Therefore, the index moved further below the 50-threshold that separates optimism from pessimism among consumers, where it has been for over two years.
April’s print reflected a sharp deterioration in consumers’ willingness to purchase big-ticket items as well as a significant deterioration in their short-term general macroeconomic outlook. On the other hand, their outlook on the longer-term macroeconomic conditions; their personal financial conditions compared to one year ago; and their expectations on their personal financial situation in one-year view improved somewhat.