Chile Consumer Confidence August 2016

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.1% in 2016, which is up 0.2 percentage points from last month’s forecast. For 2017, the panel also sees total consumption increasing 2.1%.


Author: Teresa Kersting, Economist

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Chile consumer confidence August 2016 0

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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