Argentina: Consumer sentiment inches up in December
December 23, 2014
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched up from 43.7 points in November to 44.2 in December. Despite this improvement, the consumer confidence index remains below the 50-point threshold that separates pessimistic from optimistic sentiment, where it has been since November 2013.
December’s increase in consumer confidence reflected an improvement in households’ views regarding their current personal situation compared to a year ago, as well as a more optimistic view regarding the macroeconomic outlook for three years ahead. In addition, expectations regarding households’ ability to buy durable goods also improved substantially in December, compared to the previous month. Conversely, the rest of the subcomponents that comprise the index deteriorated compared to November.
Author: Cecilia Simkievich, Economist