Argentina: Consumer sentiment improves in March
April 9, 2016
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 45.6 in February to 48.2 in March, thus recovering from the lowest level in over a year. Despite the increase, the index remains below the 50-point-threshold separating optimistic from pessimistic sentiment.
March’s increase reflected improvements in all the sub-indices. Consumers were more optimistic regarding their personal finances today compared to a year ago. The sub-index advanced to its highest level in four months. Moreover, consumers were more positive regarding the country’s economic situation and the perspectives one and three years ahead from now. In addition, in March the sub-index representing consumers’ willingness to make major purchases improved and hit the highest level since April 2014.
Author: Dirina Mançellari, Senior Economist