Argentina: Consumer sentiment inches down in November
November 20, 2014
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched down from 43.9 points in October to 43.7 points in November. The consumer confidence index remains below the 50-point threshold that separates pessimistic from optimistic sentiment, where it has been since November 2013.
The slight decrease in November’s consumer confidence reflected deteriorations in all of the sub-components of the index, except for households’ views regarding the overall economic outlook for next year. This sub-component registered the highest increase since June 2013 and partially offset the deterioration in the rest of the categories of the index.
Author: Cecilia Simkievich, Economist