Argentina: Consumer confidence plunges in April
April 24, 2012
In April, the Universidad Torcuato di Tella (UTDT) consumer confidence index plunged 12.7% over the previous month to 43.8 points, marking a third consecutive drop in the index and the largest decline since September 2002. As a result, consumer sentiment fell below the 50-point threshold that separates optimism from pessimism and now sits at its lowest level since April 2010. Both sub-indices relating to the general economic situation and to the personal economic situation deteriorated notably compared to the previous month. The largest drop was experienced by households'short-term expectations on the general economic situation (-20.8%). In addition, households'willingness to purchase durable goods decreased 15.1% compared to March.
Author: Armando Ciccarelli, Head of Data Solutions