Chile: Consumer confidence improves in October
November 9, 2016
In October, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from 33.4 points in September to 36.2 points, which marked the highest reading in eight months. Despite the increase, sentiment remains depressed as the index still rests below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
October’s advance was due to a significant improvement in consumers’ perceptions regarding the economic situation of the country in the short and medium term. Moreover, in October, consumers became more optimistic about Chile’s current economic situation. Households’ were more willing to make major purchases in October compared to the previous month. However, their perceptions of their personal economic situations deteriorated from September.
Author: Dirina Mançellari, Senior Economist