In August, the Adimark GfK consumer confidence index (IPEC, indice de Percepcion de la Economia), dropped to 42.0 points from 44.7 points in July. The reading marked the lowest level since July 2009, and remained 7.4 points short of the level registered in the same month the year before. With the August drop, consumer sentiment moves further below the 50-point threshold that separates optimism from pessimism, which does not bode well for consumption over the coming months. The deterioration was mainly driven by worsening views regarding the national outlook, which more than compensated for a more optimistic assessment of the current personal situation. In addition, respondents reported lower willingness to make major purchases.
Chile Consumer Confidence
Consumer confidence continues to improve in August
September 5, 2011
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).
October 5, 2016
The Chilean government presented the most austere budget proposal in over a decade on 30 September.