Argentina Consumer Confidence

Argentina

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.

LatinFocus panelists see private consumption rising 0.9% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect private consumption to expand 2.4%.


Author:, Senior Economist

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Argentina Consumer Confidence June 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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