Argentina: Consumer confidence recovers in October
October 15, 2010
In October, the consumer confidence index published by the Universidad Torcuato di Tella (UTDT) rose from 48.8 points in September to 50.1 points. The most sizable increase in consumer confidence was seen in the sub-index related to the country's general economic situation, as consumers were more upbeat regarding economic prospects both for the next twelve months and for the next three years. In addition, respondents to the survey held a more optimistic assessment of their personal financial situation compared to the previous twelve months, leading to improving prospects for the purchase of durable goods. On a negative note, households have more subdued expectations for their finances in the coming twelve months.
Author: Armando Ciccarelli, Head of Data Solutions