Argentina: Consumer sentiment ticks up in February
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.0 in February from 35.6 in January. However, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers’ willingness to purchase big ticket items improved. Conversely, their expectations over the general economic conditions in the year ahead weakened, and they grew more pessimistic over their future financial situations.