Chile Consumer Confidence February 2021

Chile

Chile: Consumer confidence improves in February

March 2, 2021

The Adimark GfK consumer confidence index rose to 32.0 points in February, from 29.5 points in January, marking the strongest result in 12 months. However, the index remained entrenched below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

Consumers' willingness to buy big-ticket items and the economic outlook for the next year improved from the previous month, as did sentiment regarding current general economic conditions and personal financial conditions. Moreover, expectations on the stability of the country in the next five years strengthened.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to increase 5.7% in 2021, which is unchanged from last month’s forecast. For 2022, the panel sees private consumption growing 3.8%.


Author: Massimo Bassetti, Senior Economist

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