Argentina Consumer Confidence January 2016

Argentina

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.

Panelists surveyed by LatinFocus Consensus Forecast see private consumption expanding 0.8% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, panelists expect consumption to increase 0.4%.


Author:, Senior Economist

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Argentina Consumer Confidence January 2016 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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