Argentina: Consumer confidence rises to 4-year high in March
March 23, 2011
In March, the consumer confidence index, published by the Universidad Torcuato di Tella (UTDT), rose to 57.4 points, which was up 3.4 points from the 54.0 points recorded in February and marked the highest level in the last four years. With the March increase, the consumer confidence index moved further above the 50-point threshold separating optimism from pessimism. Consumers were more upbeat regarding both the economic outlook and their personal finances. As a consequence, respondents' willingness to buy durable consumer goods rose further compared to February.
Author: Armando Ciccarelli, Head of Data Solutions