Argentina: Consumer confidence rises in July
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 43.6 in July from 41.8 in June. Consequently, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers’ expectations over the general economic conditions in the year ahead improved. Moreover, their willingness to purchase big ticket items strengthened. Additionally, they grew less pessimistic over their future financial situations.