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.
Author: Oliver Reynolds, Economist