Chile Consumer Confidence January 2017

Chile

Chile: Consumer confidence dips in January

February 13, 2017

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) dropped from 40.1 points in December to 39.2 points in January, marking the first decline in five months. The index remains entrenched below the 50-point threshold separating pessimism from optimism, where it has been since May 2014.

January’s decline was driven by a worsening of consumers’ views regarding their personal economic situation, the country’s current economic situation, the country’s economic stability over the next five years and the country’s economic prospects over the next twelve months. The only sub-sector to buck the trend was consumers’ willingness to purchase household items, which moved back into positive territory. January’s figure corresponds to a month which saw consumers faced with higher inflation and forest fires which ravaged large swathes of territory in the central-southern area of the country.

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 2.9%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence January 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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