Argentina: Consumer sentiment reaches highest level in 20 months
October 24, 2013
In October, the Universidad Torcuato di Tella (UTDT) consumer confidence index rose 6.6% over the previous month to 51.9 points. The outcome represents the highest reading in 20 months. Consumer sentiment now sits above the 50-point threshold that separates optimism from pessimism.
Argentinean households were more optimistic regarding both the general economy and their personal financial situations. Accordingly, the index that tracks intentions to buy durable goods improved over the previous month.
LatinFocus panelists see total consumption growing 3.3% this year, which is down 0.1 percentage points from last month's forecast. Next year, panelists expect consumption to expand 3.2%.
Author: Armando Ciccarelli, Head of Data Solutions