Argentina: Consumer confidence moderates slightly in August
August 22, 2011
In August, the consumer confidence index, published by the Universidad Torcuato di Tella (UTDT) reached 57.5 points, which was down 0.6 points from the 58.1 points recorded in July. With the August reading, consumer sentiment edged closer to the 50-point threshold separating optimism from pessimism, after having reached its highest level since March 2007 in July. That said, the optimistic reading suggests that consumer spending will improve going forward. The sub-index relating to the general economic situation improved compared to August, while the component relating to the personal economic situation remained broadly unchanged. Finally, households expressed less willingness to purchase durable goods compared to the previous month.
Author: Armando Ciccarelli, Head of Data Solutions