Argentina: Consumer confidence deteriorates in November
November 22, 2012
In November, the Universidad Torcuato di Tella (UTDT) consumer confidence index dropped 1.7% over the previous month to 42.7 points, which contrasted the 2.8% rise recorded in October and marked the fifth drop in the last six months. As a result, consumer sentiment remains below the 50-point threshold that separates optimism from pessimism for an eighth consecutive month. The deterioration was broad-based, with most components of the index faring worse compared to the previous month. The largest drop was experienced by households' short-term expectations (1 year) on the general economic situation (-7.2% month-on-month). Despite the overall negative reading, households' willingness to purchase durable goods improved slightly compared to October.
Author: Armando Ciccarelli, Head of Data Solutions