Argentina: Consumer confidence rises in January
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 38.5 in January from 35.9 in December. Consequently, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers grew less pessimistic over their future financial situations. Moreover, their willingness to purchase big ticket items strengthened. However, their expectations over the general economic conditions in the year ahead deteriorated sharply.