Argentina Consumer Confidence May 2021


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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 4.8% in 2021, which is down 0.9 percentage points from last month’s forecast. For 2022, panelists expect private consumption to expand 3.0%.

Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence May 2021

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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