Argentina: Consumer sentiment improves in September
September 23, 2016
In September, the Universidad Torcuato di Tella (UTDT) consumer confidence index improved from the previous month’s reading of 42.6 to 43.3. The index remains below the 50-point threshold separating pessimistic from optimistic sentiment. Confidence among consumers has been negatively affected by the reforms that the Macri administration is undertaking, which have led to massive job cuts and a high rate of inflation.
In September, consumers were less pessimistic regarding their view of their own economic perspectives compared to one month ago. Consumers’ assessment of the country’s macroeconomic situation also improved considerably over August’s pessimistic views. In addition, the sub-index representing consumers’ willingness to make major purchases rebounded over the previous month’s figure.
Author: Dirina Mançellari, Senior Economist