Argentina: Consumer sentiment climbs in December but remains entrenched in pessimistic territory
December 20, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index leaped to 36.0 points in December from 32.1 points in November, marking the best reading in four months. However, the index remained well below the 50-point threshold that separates pessimism from optimism among consumers, where it has been for a year.
December’s print reflected a broad-based improvement in all the sub-components of the index: consumers’ assessments of their personal finances improved notably, as did consumers’ assessments of the broader short-term macroeconomic environment and their willingness to purchase big-ticket household items.
Argentina Private Consumption Forecast
Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 1.1% in 2019, which is down 1.2 percentage points from last month’s forecast. For 2020, panelists expect private consumption to increase 2.0%.