Argentina Consumer Confidence

Argentina

Argentina: Consumer sentiment jumps to highest level in over eight years in November

November 19, 2015

The Universidad Torcuato di Tella (UTDT) consumer confidence index soared from 57.0 in October to 60.4 in November, which marked the highest level since January 2007. As a result, the index rests comfortably above the 50-point-threshold separating optimistic from pessimistic sentiment.

November’s improvement mainly reflected consumers’ more optimistic assessment of the country’s economic outlook, which reached the highest level since November 2010. Moreover, consumers were more positive regarding their personal financial situations and the sub-index increased from 2.5 in October to 7.8 in November. However, they were less willing to make major purchases, compared to the previous month’s report.

Panelists surveyed by LatinFocus Consensus Forecast see private consumption expanding 0.8% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists expect consumption to increase 0.4%, which is down 0.3 percentage points from last month’s forecast.


Author:, Senior Economist

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Argentina Consumer Confidence November 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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