Chile Consumer Confidence November 2020

Chile

Chile: Consumer confidence dips in November

December 2, 2020

The Adimark GfK consumer confidence index declined to 29.5 points in November, from 29.9 points in October, which had marked the strongest reading in eight months. Therefore, the index moved further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

Expectations on the stability of the country in the next five years and consumers' willingness to buy big-ticket items deteriorated. On the other hand, sentiment regarding current general economic conditions, personal financial conditions and the economic outlook for the next year improved from the previous month.

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 November 20 20

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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