Chile: Consumer confidence falls again in May
June 14, 2016
In May, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) fell from April’s 34.6 points to 33.9 points, marking the third consecutive decrease and the lowest reading in nine months. Thus, the index fell further below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
May’s drop reflected declines in four of the five categories that comprise the index. Particularly, consumers turned more pessimistic regarding Chile’s economic outlook in one year. Moreover, consumers also became more pessimistic about Chile’s current economic situation and the outlook in five years, as well as about their current personal situations. Conversely, they assessed their ability to purchase household items less pessimistically.