Argentina Consumer Confidence July 2021

Argentina

Argentina: Consumers' confidence rises but they remain pessimistic in July

July 29, 2021

The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 37.9 in July from June's 34.6. Consequently, the index moved closer to the 50-threshold, below which consumers have a pessimistic outlook and above which consumers have an optimistic outlook. Thus, consumers remained pessimistic, albeit less so.

The increase was mainly driven by consumers expressing greater willingness to purchase durable goods, while, to a lesser extent, an improved personal financial situation and view of the general economy also contributed.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption increasing 6.8% in 2021, which is up 0.4 percentage points from last month’s forecast. For 2022, panelists expect private consumption to expand 3.1%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence July 2021

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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