Argentina: Consumer confidence falls in December
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.