Argentina Consumer Confidence April 2016

Argentina

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.

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 April 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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