Argentina Consumer Confidence August 2016

Argentina

Argentina: Consumer sentiment declines in August

August 25, 2016

In August, the Universidad Torcuato di Tella (UTDT) consumer confidence index decreased from the previous month’s reading of 45.6 to 42.8. As a result, the index remains below the 50-point threshold separating pessimistic from optimistic sentiment. Confidence among consumers has been negatively affected by the reforms that the Macri administration is undertaking, which have led to massive job cuts and a high rate of inflation.

In August, consumers were much more pessimistic regarding their view of the country’s economic perspectives for one and three years ahead. Households’ assessments regarding their expected personal situations in the coming year also experienced a sharp decline. In addition, in August, the sub-index representing consumers’ willingness to make major purchases deteriorated significantly over July’s figure.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption falling 2.0% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists expect consumption to increase 2.9%.


Author:, Senior Economist

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Argentina Consumer Confidence August 2016

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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