Chile Consumer Confidence September 2016

Chile

Chile: Consumer confidence inches up from August's all-time low

October 12, 2016

In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points. Nevertheless, sentiment remains depressed as the index still rests firmly below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.

September’s advance was broad-based, with four of the index’s five sub-categories improving. Particularly, consumers became less pessimistic about their personal and Chile’s current economic situations. They also became less pessimistic about Chile’s economic outlook in one year and the purchase of household items. By contrast, their assessment of Chile’s economic outlook in five years worsened.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.0% in 2016, which is unchanged from last month’s forecast. For 2017, the panel also sees total consumption increasing 2.0%, which is also unchanged from last month’s estimate.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence September 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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