Argentina: Consumer confidence picks up in May
May 23, 2011
In May, the consumer confidence index, published by the Universidad Torcuato di Tella (UTDT), jumped to 55.6 points, up 1.1 from the 54.4 points recorded in April. As a result of the monthly reading, the consumer confidence index moved further above the 50-point threshold separating optimism from pessimism. The improvement was broad-based, as consumers were more upbeat regarding both the economic outlook and their personal finances. As a consequence, respondents' willingness to buy durable consumer goods improved compared to April.
Author: Armando Ciccarelli, Head of Data Solutions