Argentina: Consumer sentiment drops again in January
February 11, 2016
After jumping to an eight-year high in November, the Universidad Torcuato di Tella (UTDT) consumer confidence index eased in December and January. The index dropped from 54.9 in December to 54.0 in January. The figure marked a nine-month low. Despite the drop, the index rests above the 50-point-threshold separating optimistic from pessimistic sentiment.
January’s deterioration mainly reflected consumers’ less optimistic view regarding their personal finances today compared to a year ago. The sub-index plummeted to its lowest level in nearly two years. Conversely, consumers were more positive regarding the country’s economic situation and the perspectives one and three years ahead from now. Moreover, in January the sub-index representing consumers’ willingness to make major purchases improved and hit a three-month high.
Author: Dirina Mançellari, Senior Economist