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.
Author: Oliver Reynolds, Economist