Argentina Consumer Confidence April 2020

Argentina

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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 6.3% in 2020, which is down 4.5 percentage points from last month’s forecast. For 2021, panelists expect private consumption to increase 3.2%.


Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence April 20 20 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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