Argentina: Consumer sentiment reaches 10-month high in October
October 27, 2014
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 43.9 points in October, gaining the ground lost in August, when the index fell to 41.5 points. The reading marked the highest print in 10 months. Despite the increase, the consumer confidence index remains below the 50-point threshold that separates pessimistic from optimistic sentiment.
The improvement in consumer confidence was broad-based; in fact, all the sub-components rose compared to the previous month. Households’ views regarding their ability to buy durable goods registered the highest increase among all the categories.
Author: Cecilia Simkievich, Economist