Chile: Consumer confidence dips to all-time low in August
September 7, 2016
In August, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) fell to the lowest level on record, dropping from July’s 33.0 points to 31.5 points. This dragged the index further below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
August’s deterioration was broad-based. Consumers turned more pessimistic about both their personal and Chile’s current economic situation. They became more downbeat about the country’s economic outlook one year out and their ability to purchase household items. Conversely, consumers were somewhat less pessimistic than in July regarding Chile’s economic prospects in five years.