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.
Author: Dirina Mançellari, Senior Economist