Argentina: Consumer confidence plunges in December
The Universidad Torcuato di Tella (UTDT) consumer confidence plunged to 39.8 in December from 47.5 in November. 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, consumers’ expectations over the general economic conditions in the year ahead weakened. Additionally, their willingness to purchase big ticket items worsened sharply.