Chile: Consumer confidence improves a notch in July
August 4, 2011
In July, the consumer confidence index (IPEC, indice de Percepcion de la Economia), produced by Adimark GfK, rose a full point to 45.1 points from 44.1 points in June, matching the level registered in the same month the year before. In spite of the July increase, consumer sentiment remains below the 50-point threshold that separates optimism from pessimism, which does not bode well for consumption in the coming months. The improvement was mainly driven by less pessimistic views on the current personal situation as well as rising optimism about the short-term national economic outlook, which more than compensated for a more pessimistic assessment of the long-term national outlook. That said, respondents reported less willingness to make major purchases.