Chile Consumer Confidence June 2022

Chile

Chile: Consumer confidence falls in June

July 18, 2022

Consumer confidence fell to 96.9 in June from May's 103.8. June's result marked the weakest sentiment since October 2021. As a result, the index pointed to pessimistic sentiment among consumers. Higher inflation and interest rates, coupled with pessimism regarding the constitutional process, could have influenced the reading.

The fall came on the heels of a marked deterioration in consumers' views of the future situation along with a slight worsening in consumers' assessments of the current situation.

FocusEconomics panelists see private consumption growing 2.3% in 2022, which is up 0.6 percentage points from last month’s forecast. For 2023, they see private consumption contracting 0.4%.


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Chile Consumer Confidence June 2022

Note: Consumer confidence index (IPeCo, Indice de percepción del consumidor). December 2001=100.
Source: Universidad del Desarrollo.


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