Chile Consumer Confidence


Consumer confidence falls further in May

In May, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from April’s 52.6 points to 50.3 points. Despite the decrease, consumer confidence is slightly above the 50-point threshold separating optimism from pessimism.

Most of the components of the index deteriorated compared to the previous month. Consumers were more pessimistic this month regarding their personal financial situation as well as the country’s current economic situation. Conversely, consumers’ views on the country’s growth prospect for the next five years improved compared to the previous month.

LatinFocus Consensus Forecast participants expect total consumption to grow 4.1% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees total consumption growing 4.2%.

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Chile Consumer Confidence Chart

Chile consumer confidence May 2014

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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