Argentina: Consumer confidence rises in May
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 38.3 in May from 37.1 in April. 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. On the flipside, they grew more pessimistic over their future financial situations.