Chile: Consumer confidence increases sharply in July
The consumer confidence index, produced by the Universidad del Desarrollo, rose from 78.9 points in June to 87.5 points in July, marking the strongest result since September 2019. However, the index remained below the 100 threshold, signifying pessimism among consumers. The increase was likely driven in part by the easing of lockdown measures in early July, and is a positive sign regarding private spending in Q3.
Consumers grew markedly more upbeat about the labor market, and were also less pessimistic regarding their future incomes. However, their views on the economic situation worsened.