Argentina Consumer Confidence February 2016

Argentina

Argentina: Consumer sentiment plummets in February

March 9, 2016

The Universidad Torcuato di Tella (UTDT) consumer confidence index plummeted from 54.0 in January to 45.6 in February, thus hitting the lowest level in over a year. As a result of the drop, the index is now below the 50-point-threshold separating optimistic from pessimistic sentiment.

February’s drop reflected deteriorations in all the sub-indices. Consumers were more pessimistic regarding their personal finances today compared to a year ago. The sub-index dropped to its lowest level in two years. Moreover, consumers were less upbeat regarding the country’s economic situation and the perspectives one and three years ahead from now. In addition, in February the sub-index representing consumers’ willingness to make major purchases improved and hit the lowest level in two years.

Panelists surveyed by LatinFocus Consensus Forecast see private consumption expanding 0.8% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, panelists expect consumption to increase 0.4%.


Author:, Senior Economist

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Argentina Consumer Confidence February 2016 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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