Argentina: Consumer sentiment broadly unchanged at multi-year low in June
June 21, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched down from 36.1 points in April to 36.0 points in May. The index, which recorded its worst reading since February 2014, remains below the 50-point threshold February separates pessimistic from optimistic sentiment among consumers, where it has been almost uninterruptedly since January 2016.
June’s print reflected a small decline in two of the three components of the index. Consumers’ views of the macroeconomic situation and their personal economic situations deteriorated, while their willingness to purchase durable goods and big-ticket household items (appliances, cars and houses) increased modestly.
Argentina Private Consumption Forecast
Panelists surveyed for the latest LatinFocus Consensus Forecast see private consumption rising 3.2% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect private consumption to increase 3.1%.