Argentina: Consumer sentiment hits lowest level in over a year
May 12, 2016
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased from 48.2 in March to 43.2 in April, which marked the lowest reading since September 2014. As a result of the decrease, the index is now further below the 50-point-threshold separating optimistic from pessimistic sentiment.
April’s decrease reflected deteriorations in all the sub-indices. Consumers were less optimistic regarding their personal finances today compared to a year ago. Moreover, consumers’ perception regarding the country’s economic situation and the perspectives one and three years ahead from now deteriorated compared to the previous month’s result. In addition, in April, the sub-index representing consumers’ willingness to make major purchases deteriorated notably over March’s figure.
Author: Dirina Mançellari, Senior Economist