Chile Consumer Confidence March 2019

Chile

Chile: Consumer confidence drops sharply in March

March 29, 2019

The Adimark GfK consumer confidence index slid to 42.3 points in March, from 46.3 points in February. This marked the largest fall in four years and the eighth consecutive month that the index has languished below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

March’s detailed estimate shows an across-the-board deterioration in the five sub-components of the index, with seasonal factors also partly to blame. Notably, consumers’ expectations about the country over the next 12 months slipped into negative territory. Moreover, their assessment of the country’s current situation and its stability over the next five years both decreased and remained below the 50-point threshold. Likewise, consumers’ perception of their own personal situation deteriorated and stayed negative in March. Lastly, their willingness to buy big-ticket household items fell although remained in positive territory nonetheless.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.4% in 2019, which is unchanged from last month’s forecast, and 3.3% in 2020.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence March 2019

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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