Argentina: Consumer confidence ticks up in December but remains subdued
The Universidad Torcuato di Tella (UTDT) consumer confidence index edged up to 42.3 in December from 41.4 in November. However, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers, where it has been for two years.
December’s print reflected an improvement in consumers’ short-term outlook. Consumers grew more upbeat about the general macroeconomic situation and their personal financial situation. On the other hand, their willingness to purchase big-ticket items weakened.