Argentina Consumer Confidence August 2020

Argentina

Argentina: Consumers rises in August

September 9, 2020

The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 38.2 in July to 41.3 in August, the highest reading since February. However, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers, where it has been for over two years.

August’s improvement was broad based. Consumers were less pessimist over their current and future financial situation, and over general economic conditions ahead. Moreover, households’ willingness to purchase big ticket items strengthened in the month.

Panelists surveyed for the LatinFocus Consensus Forecast see private consumption dropping 12.4% in 2020, which is down 0.4 percentage points from last month’s forecast. For 2021, panelists expect private consumption to increase 5.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Consumer Confidence August 20 20

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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