Argentina Consumer Confidence September 2019


Argentina: Consumer confidence ticks up in September but remains entrenched in pessimistic terrain

September 27, 2019

The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 42.1 in September from 41.9 in August. However, the index remained stuck below the 50-threshold that separates optimism from pessimism among consumers, where it has been for nearly two years.

September’s print reflected an improvement in consumers’ outlook on the broader short-term macroeconomic situation. On the flip side, consumers’ willingness to purchase big-ticket household items worsened markedly from August. Meanwhile, households’ assessment over their personal financial situation weakened only marginally.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 3.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect private consumption to increase 2.2%.

Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence September 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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