Argentina Consumer Confidence

Argentina

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.

LatinFocus panelists see private consumption falling 1.8% this year, which is down 0.3 percentage points from last month’s forecast. For 2015, panelists expect consumption to expand 0.5%, which is down 0.7 percentage points from last month’s projection.


Author:, Economist

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Argentina Consumer Confidence October 2014

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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