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.