Argentina Consumer Confidence September 2022


Argentina: Consumer confidence rises in September

October 3, 2022

The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 37.2 in September from 37.0 in August. Consequently, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.

Consumers grew somewhat less pessimistic over their future financial situation and their expectations over the general economic conditions in the year ahead improved slightly. Meanwhile, consumers’ willingness to purchase big ticket items was unchanged.

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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