Argentina Consumer Confidence


Argentina: Consumer sentiment plunges to lowest level in more than three years in May

May 22, 2013

In May, the Universidad Torcuato di Tella (UTDT) consumer confidence index fell 5.5% over the previous month to 41.7 points. The result followed the 6.1% drop recorded in April and marked the worst reading in more than three years. As a result, consumer sentiment moved further below the 50-point threshold that separates optimism from pessimism.

The deterioration was broad-based, but was mostly driven by households' more pessimistic expectations regarding the general economy in the short run (12 months). In contrast, households' willingness to purchase durable goods improved compared to April.

LatinFocus panellists see total consumption growing 3.3% this year, which is down 0.1 percentage points from last month's forecast. Next year, panellists expect consumption to expand 3.2%.

Author:, Head of Data Solutions

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Argentina Consumer Confidence Chart

Argentina Consumer Confidence May 2013

Note: Monthly consumer confidence index. Values above 50 indicate an optimistic assesment in consumer sentiment while values below 50 indicate a pessimistic assesment.
Source: Universidad Torcuato di Tella (UTDT).

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