Argentina Consumer Confidence August 2019

Argentina

Argentina: Consumer confidence falls in August, remaining entrenched in pessimistic terrain

August 23, 2019

The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 41.9 points in August from 44.2 points in July, which had marked the best result since January 2018. Thus, the index moved further below the 50-point threshold that separates optimism from pessimism among consumers, where it has been for nearly two years.

August’s print reflected a deterioration across all three sub-components of the index. Consumers’ outlook on the broader short-term macroeconomic situation and willingness to purchase big-ticket household items worsened markedly from July, with the latter hovering at abysmal levels. Meanwhile, households’ assessment over their personal financial situation weakened only slightly.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 3.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect private consumption to increase 2.2%.


Author:, Economist

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Argentina Consumer Confidence August 2019 1

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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