Argentina Consumer Confidence


Argentina: Consumer sentiment picks up in March but remains dismal

April 20, 2014

Consumer confidence recovered slightly in February but remains at levels previously seen during the financial crisis in 2012. The Universidad Torcuato di Tella (UTDT) consumer confidence index jumped 8.2% over the previous month to 36.2 points. The result marks a pause to the seemingly-unstoppable downward trend in consumer sentiment that has been recorded over the past five months. At the current level, the index remains deeply entrenched in negative territory and very distant from the 50-point threshold that separates optimistic and pessimistic sentiment.

The rise in confidence was broad-based across all categories, with consumers' intentions to buy durable goods marking the largest increase.

LatinFocus panelists see private consumption growing 2.3% this year, which is unchanged from last month's forecast. Next year, panelists expect consumption to expand 3.4%.

Author:, Head of Data Solutions

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence March 2014

Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assesment in consumer sentiment while values below 50 indicate a pessimistic assesment.
Source: Universidad Torcuato di Tella (UTDT).

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