Argentina: Consumer confidence improves further in June, but remains entrenched in pessimistic terrain
May 24, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index jumped to 40.6 points in June from 36.5 points in May, marking the best result in 15 months. Therefore, the index moved closer to the 50-point threshold that separates pessimism from optimism among consumers, below which it has been for over a year.
June’s print reflected an improvement in all three sub-components of the index. Consumers’ assessments of their personal finances improved notably, while consumers’ willingness to purchase big-ticket household items soared, although it remained at abysmal levels. Lastly, their outlook on the broader short-term macroeconomic situation improved markedly.