Argentina: Consumer confidence falls in February
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 36.2 in February from 38.5 in January. Consequently, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers grew more pessimistic over their future financial situations. Moreover, their willingness to purchase big ticket items weakened. Additionally, their expectations over the general economic conditions in the year ahead deteriorated.