Argentina: Consumer sentiment ticks up in March
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.7 in March from 36.0 in February. However, the index remained entrenched below the 50-threshold that separates optimism from pessimism among consumers.
Consumers’ expectations over the general economic conditions in the year ahead improved, and they grew less pessimistic over their future financial situations. Conversely, willingness to purchase big ticket items deteriorated.