Chile: Consumer confidence improves
December 5, 2012
In November, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose to 53.4 points from 52.7 points in October. With the monthly increase, confidence among consumers rose further above the 50-point threshold that separates optimism from pessimism.
The improvement was broad-based as most subcategories rose over the previous month, especially consumers' assessment regarding their current economic situation. Accordingly, consumers' willingness to make major purchases also improved. On a negative note, consumers' expectations on the general economy in the long term deteriorated slightly.