Argentina: Consumer confidence improves in May
May 28, 2012
In May, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose 5.9% over the previous month to 46.4 points, contrasting the 12.7% decrease recorded in April and marking a first increase after three consecutive drops. As a result, consumer sentiment moved closer to the 50-point threshold that separates optimism from pessimism. Both sub-indices relating to the general economic situation and to the personal economic situation improved compared to the previous month. The largest increase was experienced by households'short-term expectations on the general economic situation (+13.9%). In addition, households'willingness to purchase durable goods improved compared to April.
Author: Armando Ciccarelli, Head of Data Solutions