Argentina Consumer Confidence May 2019

Argentina

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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 3.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect private consumption to increase 2.2%.


Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence June 2019

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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