Argentina: Consumer sentiment improves in May
May 21, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 52.9 in April to 55.0 in May, which marked the highest value since January 2012. As a result, the index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.
May’s increase in consumer confidence reflected consumers’ more optimistic sentiment regarding their personal finances compared to a year ago. In addition, in May, consumers were more willing to make major purchases compared to the previous month. Moreover, their expectations for the economic outlook of the country improved over April.
Author: Dirina Mançellari, Senior Economist