Argentina Consumer Confidence January 2019

Argentina

Argentina: Consumer sentiment declines at the beginning of the year

January 25, 2019

The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 33.1 points in January from 36.0 points in December—which had marked the best reading in four months. Consequently, the index moved further below the 50-point threshold that separates pessimism from optimism among consumers, where it has been for over a year.

January’s print reflected a deterioration in two out of the three sub-components of the index: Consumers’ assessments of their personal finances deteriorated notably, as did consumers’ assessments of the broader short-term macroeconomic environment. On the other hand, their willingness to purchase big-ticket household items improved.

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%.


Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence January 2019 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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