Argentina Consumer Confidence January 2017

Argentina

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.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption rising 2.9% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect private consumption to increase 3.0%.


Author: Ricard Torné, Head of Economic Research

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Argentina Consumer Confidence January 2017

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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