Argentina Consumer Confidence June 2022

Argentina

Argentina: Consumer confidence rises in June

July 1, 2022

The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 39.1 in June from 36.3 in May. However, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.

Consumers’ willingness to purchase big ticket items strengthened. Moreover, they grew less pessimistic over their future financial situation and their expectations over the general economic conditions in the year ahead improved.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 3.1% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists expect private consumption to expand 2.5%.


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