Chile Consumer Confidence May 2016


Consumer confidence falls again in May

In May, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) fell from April’s 34.6 points to 33.9 points, marking the third consecutive decrease and the lowest reading in nine months. Thus, the index fell further below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.

May’s drop reflected declines in four of the five categories that comprise the index. Particularly, consumers turned more pessimistic regarding Chile’s economic outlook in one year. Moreover, consumers also became more pessimistic about Chile’s current economic situation and the outlook in five years, as well as about their current personal situations. Conversely, they assessed their ability to purchase household items less pessimistically.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.0% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees total consumption increasing 2.5%.

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Chile Consumer Confidence Chart

Chile consumer confidence May 2016

Note: Consumer confidence index (IPEC, Indice de percepcion de la economía). Values above 50 indicate an optimistic assessment in consumer sentiment while values below 50 indicate a pessimistic assessment.
Source: Adimark GfK.

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