Argentina Consumer Confidence February 2019

Argentina

Argentina: Consumer sentiment gains ground in February

February 22, 2019

The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.0 points in February from 33.1 points in January. However, the index remained below the 50-point threshold that separates pessimism from optimism among consumers, where it has been for over a year.

February’s print reflected an improvement in two out of the three sub-components of the index: Consumers’ assessments of their personal finances improved notably, as did consumers’ assessments of the broader short-term macroeconomic environment. On the other hand, their willingness to purchase big-ticket household items cooled.

Argentina Private Consumption Forecast


Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 1.1% in 2019, which is down 1.2 percentage points from last month’s forecast. For 2020, panelists expect private consumption to increase 2.0%.


Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence February 2019

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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