Argentina Consumer Confidence January 2018

Argentina

Argentina: Consumer sentiment recovers marginally in January following a steep drop in December

January 26, 2018

The Universidad Torcuato di Tella (UTDT) consumer confidence index rose from 43.2 points in December to 45.2 points in January. Despite the increase, the index remains below the 50-point threshold that separates pessimistic from optimistic sentiment.



The improvement in consumer confidence reflected a broad-based month-on-month improvement in the three main components of the index. Willingness to purchase durable goods and real estate recorded the most significant improvement in January and was followed by views on the macroeconomic outlook. Assessment of personal situations was the subcomponent that recorded the smallest improvement.

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 January 2018

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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