Argentina: Consumer confidence rebounds in October
October 25, 2012
In October, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose 2.8% over the previous month to 43.3 points, which contrasted the 1.1% fall recorded in September and marked the first rise after four consecutive decreases. As a result, consumer sentiment moved a bit closer to the 50-point threshold that separates optimism from pessimism and currently sits at the highest level in four months. The result was driven by an improvement of the sub-index relating to the general economic situation, while the sub-index related to the personal economic situation deteriorated compared to the previous month. The largest increase was experienced by households' long-term expectations (3 years) on the general economic situation (+6.3% month-on-month). Mirroring the overall positive reading, households' willingness to purchase durable goods improved compared to September.
Author: Armando Ciccarelli, Head of Data Solutions