Chile: Consumer confidence improves in May
June 6, 2011
In May, the consumer confidence index, (IPEC, indice de Percepcion de la Economia) produced by Adimark GfK rose to 47.2 points from 46.0 points in April, marking the first increase after two consecutive months of decline. Moreover, confidence matched the level registered in the same month the year before. Despite the 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. Consumers were more upbeat about the current and long term economic outlook. In addition, respondents reported a higher willingness to make major purchases.