Argentina: Consumer confidence jumps to highest level in almost four years
January 17, 2011
In January, the consumer confidence index, published by the Universidad Torcuato di Tella (UTDT), rose by 2.5 points to 55.7 points from 53.2 points in December. The January increase more than compensated for the 2.2 point drop recorded in December and saw confidence sentiment advance to its highest level since March 2007. At the current level, the index of consumer confidence remains above the 50-point threshold, which separates optimism from pessimism. Consumers are more upbeat about their personal financial situation but more pessimistic about the economic outlook. As a consequence of the improving personal financial situation, respondents show a much higher willingness to buy durable consumer goods than in December, with the pertinent sub-index rising from 44.2 points in December to 51.2 points in January.
Author: Armando Ciccarelli, Head of Data Solutions