Chile Consumer Confidence

Chile

Chile: Consumer confidence falls to lowest level in over two years in July

August 7, 2014

In July, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) declined from June’s 49.2 points to 47.5 points. As a result, consumer confidence has fallen further below the 50-point threshold separating optimism from pessimism and now it rests at the lowest level since April 2012.

Most of the components of the index deteriorated compared to the previous month. Consumers were more pessimistic this month regarding both the country’s current economic conditions and their personal situation. In addition, their views on the country’s growth prospects for the coming year deteriorated over the previous month. Conversely, expectations to buy household items were unchanged over the previous month.

LatinFocus Consensus Forecast participants expect total consumption to grow 4.1% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees total consumption growing 4.2%.


Author:, Senior Economist

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Chile consumer confidence July 2014

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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