Chile Consumer Confidence March 2017

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.3% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees total consumption increasing 2.9%.


Author:, Economist

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Chile consumer confidence March 2017

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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