Argentina Consumer Confidence

Argentina

Argentina: Consumer sentiment improves in October

November 6, 2015

The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 54.6 in September to 57.0 in October, which marked the highest level since January 2012. As a result, the index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.

October’s improvement mainly reflected consumers’ more optimistic assessment of the country’s economic outlook. Consumers were also more positive regarding their personal financial situations. Moreover, they were more willing to make major purchases, compared to September’s report.

Panelists surveyed for this month’s LatinFocus report see private consumption rising 0.3% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, panelists expect private consumption to expand 1.5%.


Author:, Senior Economist

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Argentina Consumer Confidence October 2015

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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