Chile Consumer Confidence December 2018

Chile

Chile: Chilean consumers continue to lose confidence in December

January 7, 2019

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) inched down to 44.6 points in December, from 44.9 points in November, the lowest reading in 16 months. As a result, the index slipped further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers, where it has been since August.

December’s detailed estimate highlights that four of the five components of the index deteriorated with respect to the previous month. Consumer’s opinion of the country’s stability over the next five years edged down and remained deeply anchored in negative territory. In addition, consumers’ assessment of the country’s current economic situation showed the sharpest fall of the month. Meanwhile, expectations about the country in the next twelve months and consumers’ willingness to buy big-ticket household items both deteriorated; nevertheless, they remained above the 50-point threshold.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.5% in 2019, which is unchanged from last month’s forecast, and 3.3% in 2020


Author:, Economist

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Chile consumer confidence December 2018

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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