Argentina Consumer Confidence December 2017

Argentina

Argentina: Consumer sentiment plunges in December

December 23, 2017

In December, the Universidad Torcuato di Tella (UTDT) consumer confidence index declined to 43.2 points from 51.1 points in November. The index therefore fell below the 50-point threshold that separates pessimistic from optimistic sentiment.

The index’s sharp drop was due to a broad-based decline in all three main components of the index. Willingness to purchase durable goods and real estate recorded the largest drop and was closely followed by a deterioration of the country’s macroeconomic outlook and personal economic prospects.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption rising 3.2% in 2018, which is up 0.8 percentage points from last month’s forecast. For 2019, panelists expect private consumption to increase 3.1%.


Author: Jean-Philippe Pourcelot, Economist

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Argentina Consumer Confidence December 2017 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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