Chile: Consumer confidence falls further in May
June 10, 2014
In May, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from April’s 52.6 points to 50.3 points. Despite the decrease, consumer confidence is slightly above the 50-point threshold separating optimism from pessimism.
Most of the components of the index deteriorated compared to the previous month. Consumers were more pessimistic this month regarding their personal financial situation as well as the country’s current economic situation. Conversely, consumers’ views on the country’s growth prospect for the next five years improved compared to the previous month.
Author: Dirina Mançellari, Senior Economist