Chile Consumer Confidence March 2021

Chile

Chile: Consumer confidence deteriorates in March

April 2, 2021

The Adimark GfK consumer confidence index dropped to 29.2 points in March, from 32.0 points in February, which had marked the strongest result in 12 months. Consequently, the index moved further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

Consumers' willingness to buy big-ticket items and the economic outlook for the next year weakened from the previous month, as did sentiment regarding current general economic conditions and personal financial conditions. Meanwhile, expectations on the stability of the country in the next five years remained virtually unchanged.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to increase 5.7% in 2021, which is unchanged from last month’s forecast. For 2022, the panel sees private consumption growing 3.8%.


Author: Massimo Bassetti, Senior Economist

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Chile Consumer Confidence Chart


Chile Consumer Confidence March 2021

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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