Argentina: Consumer sentiment inches down in June
June 23, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched down from 55.0 in May to 54.9 in June. May’s value had marked the highest reading since January 2012. Despite the decrease, the index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.
June’s decrease in consumer confidence reflected consumers’ less optimistic sentiment regarding their personal finances compared to a year ago. In addition, in June, consumers were less willing to make major purchases compared to the previous month. Moreover, their expectations for the economic outlook of the country deteriorated over May.
Author: Dirina Mançellari, Senior Economist