Argentina: Consumer sentiment stabilizes at the outset of the year
January 24, 2017
In January, the Universidad Torcuato di Tella (UTDT) consumer confidence index held steady at last month’s 44.5, remaining below the 50-point threshold separating pessimistic from optimistic sentiment. Confidence among consumers has been negatively affected by the Macri Administration’s reforms, which have led to job cuts and a high rate of inflation.
In January, consumers were more optimistic about their current economic situation compared to one year ago. Their outlook for their future economic situation, however, deteriorated. Households’ assessment of the country’s macroeconomic situation deteriorated in both the short-term and in the long-term term in January. Consumer’s willingness to make major purchases improved in the same month.