Argentina Consumer Confidence

Argentina

Argentina: Consumer sentiment deteriorates in September

September 24, 2015

The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped from 56.8 in August to 54.6 in September, which marked the lowest level since April 2015. Despite the decrease, the index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.

September’s deterioration mainly reflected consumers’ less optimistic assessment of the country’s economic outlook. Consumers were also less optimistic regarding their personal financial situations. Moreover, they were less willing to make major purchases compared to August.

LatinFocus panelists see private consumption rising 0.3% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, panelists expect private consumption to expand 1.5%.


Author:, Senior Economist

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Argentina Consumer Confidence September 2015

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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