Argentina: Consumer confidence virtually unchanged in May
June 13, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched up to 35.4 in May from 35.3 in April, which had marked the worst reading in two years. Therefore, the index remained entrenched below the 50-threshold th0at separates optimism from pessimism among consumers.
Consumers grew slightly less pessimistic over the general economic conditions in the year ahead. On the flip side, they were somewhat more downbeat over their future financial situation and households’ willingness to purchase big ticket items weakened marginally.