Consumer confidence in Argentina fell further to 32.1 in November 2018 from 32.6 in the prior month. It is the lowest reading since September 2002, as households were more pessimistic about the country's economic situation (-1.7 percent to 50.0) and their personal situation (-0.9 percent to 33.4). In addition, the willingness to purchase durable goods declined (-3.5 percent to 12.9). Consumer Confidence in Argentina averaged 46.60 Index Points from 2001 until 2018, reaching an all time high of 60.97 Index Points in January of 2007 and a record low of 28.44 Index Points in September of 2002.
Consumer Confidence in Argentina is expected to be 31.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Argentina to stand at 30.50 in 12 months time. In the long-term, the Argentina Consumer Confidence is projected to trend around 33.00 Index Points in 2020, according to our econometric models.