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.