Argentina: Consumer sentiment in September falls to four-month low
September 23, 2014
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell 5.4% over the previous month to 41.5 points in September. The reading broke an upward trend in place since March of this year and marked the lowest print in four months. As a result of the monthly drop, the consumer confidence index dipped further below the 50-point threshold that separates optimistic from pessimistic sentiment.
The overall decline in confidence was largely driven by consumers’ more negative outlook on their economic expectations in the short term. In addition, households were also more pessimistic regarding their personal economic situations compared to one year ago and regarding their ability to buy durable goods.