Chile Consumer Confidence November 2016

Chile

Chile: Consumer confidence improves again in November

December 9, 2016

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from 36.2 points in October to 37.2 points in November, marking the highest reading since March. Despite the increase, sentiment remains depressed as the index remains below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.

November’s uptick was driven by a substantial improvement in consumers’ willingness to purchase household items, with this category moving back into optimistic territory for the first time since May 2015. Consumers also became more optimistic regarding their personal economic situations and Chile’s economy stability over the next five years. In contrast, consumers grew more pessimistic regarding the country’s current economic situation and its economic prospects over the next 12 months.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.2% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees total consumption increasing 3.1%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence November 2016

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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