Argentina Consumer Confidence December 2019

Argentina

Argentina: Consumer confidence ticks up in December but remains subdued

January 2, 2020

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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 2.7% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, panelists expect private consumption to increase 1.9%.


Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence December 2019

Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assessment in consumer sentiment while values below 50 indicate a pessimistic assessment.
Source: Universidad Torcuato di Tella (UTDT).


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