Argentina Consumer Confidence

Argentina

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.

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:, Economist

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Argentina Consumer Confidence December 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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