Chile: Consumer confidence drops in January
February 5, 2011
In January, the consumer confidence index, (IPEC, indice de Percepcion de la Economia) published by Adimark GfK, dropped from 52.2 points in December to 51.7 points January. Moreover, confidence fell below the level registered in the same month the year before, marking the second annual decline since April 2009. As a result, consumer confidence dipped towards the 50-point threshold that separates optimistic from pessimistic territory. The fall in consumer sentiment was broad-based, as most sub-categories deteriorated over the previous month. That said, a 3.4 point drop in the next 12 months national outlook, as well as a 1.6 point fall in household expectations of future purchases were the key drags on sentiment. Meanwhile, current personal expectations rose, contrasting the dip registered in December.