Chile: Consumer confidence chalks up a small improvement in March
April 10, 2017
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) edged up from 37.0 points in February to 37.3 points in March, stopping the rot following two consecutive monthly declines. However, the index remains entrenched below the 50-point threshold separating pessimism from optimism, where it has been since May 2014.
March’s slight uptick was driven by greater optimism regarding the current economic situation of the country and the economic situation of the country over the next twelve months, with the latter possibly due to the upcoming changing of the political guard at November’s elections. However, consumers grew more pessimistic regarding their personal economic situation and the country’s economic stability over the next five years, and became more reluctant to make household purchases, which doesn’t bode well for private consumption.
Author: Oliver Reynolds, Economist