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.
Author: Dirina Mançellari, Senior Economist