Argentina: Consumer sentiment improves in December
December 22, 2016
In December, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose from the previous month’s 43.9 to 44.5, remaining below the 50-point threshold separating pessimistic from optimistic sentiment. Confidence among consumers has been negatively affected by the Macri administration’s reforms, which have led to job cuts and a high rate of inflation.
In December, consumers were much more optimistic about their current economic situation compared to one year ago. Their outlook for their future economic situation also improved but by less. Households’ assessment of the country’s macroeconomic situation in the short-term deteriorated but their opinion on the country’s long-term term economic outlook gained some ground. Consumer’s willingness to make major purchases improved in the same month.