Argentina: Consumer sentiment increases further in August
August 24, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 56.1 in July to 56.8 in August, which marked the highest level since January 2012. The index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.
August’s increase reflected consumers more optimistic assessment of the country’s economic outlook. In addition, consumers were more optimistic regarding their personal financial situations. Nonetheless, they were less willing to make major purchases compared to the previous month.
Author: Dirina Mançellari, Senior Economist