Argentina Consumer Confidence


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.

LatinFocus panelists see private consumption rising 0.3% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, panelists expect private consumption to expand 1.5%.

Author:, Senior Economist

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence August 2015 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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