Argentina Consumer Confidence

Argentina

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.

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:, Senior Economist

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Argentina Consumer Confidence April 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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