Chile Consumer Confidence February 2017

Chile

Chile: Consumer confidence dips again in February

March 13, 2017

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) dropped from 39.2 points in January to 37.0 points in February, marking a second monthly decline and putting paid to the recovery in sentiment observed towards the end of last year. The index remains entrenched below the 50-point threshold separating pessimism from optimism, where it has been since May 2014.

February’s decline was driven by worsening sentiment in all sub-categories of the index, with consumers becoming significantly more pessimistic regarding the country’s economic prospects over the next twelve months and its economic stability over the next five years. Consumers also grew mildly less positive about their personal economic situation and the country’s current economic situation, and became less willing to purchase household items. February’s figure corresponds to a month which saw forest fires continue to devastate large swathes of territory in the central-southern area of the country, severe flooding and strike action at the country’s largest copper mine.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.2% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees total consumption increasing 2.8%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence February 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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