Argentina: Consumer sentiment climbs to 16-month high in February
February 25, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched up from 50.0 in January to 50.5 in February and now rests just above the threshold separating optimistic from sentiment. February’s reading marked the highest consumer sentiment level since October 2013.
February’s increase in consumer confidence reflected improvements in the majority of the subcomponents that comprise the index. Consumers were more upbeat regarding the macroeconomic outlook for three years out. Households’ views regarding their current financial situations as well as their future financial conditions also improved compared to the previous month. Conversely, consumers were less optimistic regarding the macroeconomic situation for next year and their expectations for purchasing durable goods also deteriorated somewhat.
Author: Cecilia Simkievich, Economist