Argentina Consumer Confidence

Argentina

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.

LatinFocus panelists see private consumption rising 0.9% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect private consumption to expand 2.4%.


Author:, Economist

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Argentina Consumer Confidence February 2015 0

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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