Argentina: Consumer confidence reaches highest level in more than four years in September
September 26, 2011
In September, the Universidad Torcuato di Tella (UTDT) consumer confidence index reached 59.3 points, which was up 1.8 points from the 57.5 points recorded in August. With the September reading, consumer sentiment moved further away from the 50-point threshold separating optimism from pessimism and reached its highest level since February 2007. The optimistic reading suggests that consumer spending will improve going forward. However, the sub-index relating to the general economic situation deteriorated compared to August, whilst the personal economic situation component improved. Accordingly, households expressed a higher willingness to purchase durable goods compared to the previous month.
Author: Armando Ciccarelli, Head of Data Solutions