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.
Author: Dirina Mançellari, Senior Economist