Argentina Consumer Confidence April 2019


Argentina: Consumers grow more pessimistic in April

April 30, 2019

The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 34.4 points in April from 34.8 points in March. Therefore, the index moved further below the 50-point threshold that separates pessimism from optimism among consumers, where it has been for over a year.

April’s print reflected a deterioration in two out of the three sub-components of the index: Consumers’ assessments of their personal finances deteriorated slightly, while consumers’ willingness to purchase big-ticket household items nosedived. On the other hand, assessments of the broader short-term macroeconomic environment improved.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 2.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect private consumption to increase 2.5%.

Author: Massimo Bassetti, Economist

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence April 2019

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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