Argentina: Consumer confidence rises in August
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 44.1 in August from 43.6 in July. Consequently, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers’ expectations over the general economic conditions in the year ahead improved. Additionally, they grew less pessimistic over their future financial situations. However, their willingness to purchase big ticket items weakened.