Argentina: Consumer sentiment picks up for second consecutive month
January 17, 2013
In January, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose 0.9% over the previous month to 48.9 points. The expansion came in below the 8.7% rise recorded in December but marked, nonetheless, a second consecutive increase. As a result, consumer sentiment continued to edge closer to the 50-point threshold that separates optimism from pessimism.
The improvement was driven by increases in the sub-categories related to the households' assessment on the current and future personal financial situation. As a result, households' willingness to purchase durable goods also improved compared to December.
Author: Armando Ciccarelli, Head of Data Solutions