Argentina Consumer Confidence

Argentina

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.

LatinFocus panelists see private consumption falling 1.9% this year, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists expect private consumption to expand 0.7%, which is down 0.2 percentage points from last month’s projection.


Author:, Economist

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Argentina Consumer Confidence November 2014 0

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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