Argentina Consumer Confidence July 2020

Argentina

Argentina: Consumers turn slightly more pessimistic in July

August 7, 2020

The Universidad Torcuato di Tella (UTDT) consumer confidence index edged down from 39.5 in June to 38.2 in July, the lowest reading since May 2019. Thus, the index fell further below the 50-threshold that separates optimism from pessimism among consumers, where it has been for over two years.

July’s deterioration reflected consumers’ increased pessimism over their current and future financial situation, and over general economic conditions ahead. That said, households’ willingness to purchase big ticket items strengthened in the month, albeit slightly.

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:, Economist

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Argentina Consumer Confidence July 20 20 0

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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