Argentina Consumer Confidence December 2021

Argentina

Argentina: Consumer confidence falls in December

January 3, 2022

The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 37.8 in December from 39.7 in November, marking the weakest reading in five months. Therefore, the index moved further below the 50-threshold that separates optimism from pessimism among consumers.

Consumers’ expectations over the general economic conditions in the year ahead worsened considerably. Additionally, they grew more pessimistic over their future financial situation, and their willingness to purchase big ticket items also deteriorated.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 3.1% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists expect private consumption to expand 2.5%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence December 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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