Argentina: Consumer sentiment increases to over three-year-high in April
April 23, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched up from 52.6 in March to 52.9 in April, which marked the highest value since January 2012. As a result, the index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.
April’s increase in consumer confidence reflected consumers’ more optimistic sentiment regarding their personal finances compared to a year ago. In addition, in April, consumers were more willing to make major purchases compared to March. Conversely, their expectations for the economic outlook of the country deteriorated and fell to the lowest level in four months.
Author: Dirina Mançellari, Senior Economist