Argentina Consumer Confidence

Argentina

Argentina: Consumer sentiment reaches eight-month high in August

August 21, 2014

The Universidad Torcuato di Tella (UTDT) consumer confidence index rose 2.7% over the previous month to 43.9 points in August. The reading marked the sixth consecutive increase and the highest print in eight months. While the upward trend in consumer confidence continued in August, the index still rests in negative territory, below the 50-point threshold that separates optimistic from pessimistic sentiment.

The overall rise in confidence was largely driven by consumers’ more positive outlook on their economic expectations in the short-term. That said, households were also more optimistic regarding their personal economic situations compared to one year ago. Conversely, consumers were more pessimistic about their ability to buy durable goods.

LatinFocus panelists see private consumption falling 1.1% this year, which is down 0.1 percentage points from last month’s forecast. Next year, panelists expect consumption to expand 0.9%.


Author: Angela Bouzanis, Senior Economist

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Argentina Consumer Confidence August 2014 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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