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.
Author: Dirina Mançellari, Senior Economist