Argentina Consumer Confidence March 2021

Argentina

Argentina: Consumer confidence remains deeply downbeat in March

April 17, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 38.2 in March from 37.8 in February. Nevertheless, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.

Consumers were less pessimist over the general economic conditions in the year ahead and they grew less pessimist over their future financial situation. However, households’ willingness to purchase big ticket items weakened considerably.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 4.8% in 2021, which is down 0.9 percentage points from last month’s forecast. For 2022, panelists expect private consumption to expand 3.0%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence March 2021

Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assessment in consumer sentiment while values below 50 indicate a pessimistic assessment.
Source: Universidad Torcuato di Tella (UTDT).


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