Argentina: Consumer sentiment climbs to 15-month high in January
January 23, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 44.2 in December to 50.0 in January and now rests on the threshold separating pessimistic from optimistic sentiment. January’s reading marked the highest level of consumer sentiment that has been recorded since October 2013.
January’s increase in consumer confidence reflected an improvement in all but one of the subcomponents that comprise the index. Consumers’ outlook on the purchase of durable goods moderated slightly compared to the previous month. Households’ views regarding their current financial situations compared to a year ago improved compared to the previous month, as did their views regarding their future financial conditions. Consumers were much more optimistic regarding both the macroeconomic outlook for one and for three years out.
Author: Cecilia Simkievich, Economist