Argentina Consumer Confidence February 2018

Argentina

Argentina: Consumer sentiment worsens in February

February 28, 2018

The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped from 45.2 points in January to 43.8 points in February. The index dipped further below the 50-point threshold that separates pessimistic from optimistic sentiment among consumers, where it has been almost uninterruptedly since January 2016.

The decline reflected consumers’ more pessimistic views towards most components of the index. The short- and long-term macroeconomic outlooks were perceived more negatively in February, although they remained above the 50-point mark, while the view of personal financial situations for the upcoming year deteriorated sharply. In turn, willingness to make major purchases was the only component that improved in the surveyed time, albeit from a very low base.

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 February 2018 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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