Argentina: Consumers rises in August
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.