Argentina: Consumer confidence reaches highest level in more than four years
July 21, 2011
In July, the consumer confidence index, published by the Universidad Torcuato di Tella (UTDT) reached 58.1 points, which was up 2.4 points from the 55.7 points recorded in June. With the July reading, consumer sentiment pushed further above the 50-point threshold separating optimism from pessimism, reaching the highest level since March 2007 and suggesting that consumer spending will remain at current levels going forward. The sub-index relative to the general economic situation improved substantially compared to June, while the component relative to the personal economic situation remained broadly unchanged. Finally, households expressed a higher willingness to make durable goods purchases compared to the previous month.
Author: Armando Ciccarelli, Head of Data Solutions