Argentina: Consumer sentiment climbs to over-three-year high in March
March 26, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose from 50.5 in February to 52.6 in March, marking an over-three-year high. As a result, the index now rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.
March’s increase in consumer confidence reflected improvements in three out of the five subcomponents that comprise the index. Consumers were particularly more upbeat regarding the macroeconomic outlook for next year. Households’ views regarding their future financial conditions improved markedly compared to the previous month, whereas their expectations for purchasing durable goods also showed a better performance. Conversely, households were less optimistic regarding the macroeconomic outlook for three years out, and their views regarding their current personal situation recorded no change compared to the previous month.
Author: Cecilia Simkievich, Economist