Argentina Consumer Confidence August 2021

Argentina

Argentina: Consumer confidence improves again in August

September 8, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 39.8 in August from 37.9 in July, marking the best reading since November 2020. However, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.

Consumers were less downbeat over their future financial situation and households’ willingness to purchase big ticket items also improved. Moreover, they grew slightly less pessimistic over the general economic conditions in the year ahead.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 4.8% in 2021, which is down 0.9 percentage points from last month’s forecast. For 2022, panelists expect private consumption to expand 3.0%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence August 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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