Argentina Consumer Confidence November 2017

Argentina

Argentina: Consumer sentiment stable in November

November 24, 2017

In November, the Universidad Torcuato di Tella (UTDT) consumer confidence index remained stable at October’s 51.1 points. The index is slightly above the 50-point threshold that separates pessimistic from optimistic sentiment, for the third time since January 2016.

The index’s marginal uptick reflects an increase in the macroeconomic outlook offsetting deteriorations in consumers’ willingness to purchase durable goods rose and perceptions of personal financial situation.

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 November 2017 0

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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