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.