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.
Author: Dirina Mançellari, Senior Economist