Argentina: Consumer confidence drops in September
The Universidad Torcuato di Tella (UTDT) consumer confidence fell to 43.4 in September from 44.1 in August. Consequently, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers grew more pessimistic over their future financial situations. Moreover, their willingness to purchase big ticket items weakened. Conversely, consumers’ expectations over the general economic conditions in the year ahead improved.