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’ willingness to purchase big ticket items strengthened. Moreover, their expectations over the general economic conditions in the year ahead improved. On the flipside, they grew more pessimistic over their future financial situations.