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