Chile Consumer Confidence

Chile

Chile: Consumer confidence dips into pessimistic territory in June

July 10, 2014

In June, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) inched down from May’s 50.3 points to 49.2 points. As a result, consumer confidence has fallen below the 50-point threshold separating optimism from pessimism for the first time since May 2012.

Most of the components of the index deteriorated compared to the previous month. Consumers were more pessimistic this month regarding the country’s current economic situation. In addition, their views on the country’s growth prospects for the coming year deteriorated over the previous month. Conversely, a slight improvement was recorded in households’ sentiment regarding their personal finances.

LatinFocus Consensus Forecast participants expect total consumption to grow 4.1% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees total consumption growing 4.2%.


Author:, Senior Economist

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Chile Consumer Confidence Chart


Chile consumer confidence June 2014

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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