Chile Consumer Confidence

Chile

Chile: Consumer confidence reaches lowest level in nearly three years

September 10, 2014

In August, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) declined from July’s 47.5 points to 43.1 points. The index now sits at its lowest level in nearly three years. As a result, consumer confidence has fallen further below the 50-point threshold separating optimism from pessimism and now it rests at the lowest level since October 2011.

All of the components of the index deteriorated compared to the previous month. Consumers’ views about their personal economic situation deteriorated compared to July and now rest at its lowest value since August 2009. In addition, consumers were less optimistic regarding the country’s actual economic situation. The sub-indices representing their views on Chile’s growth prospects for the coming year and expectations to buy household items reached their lowest level in more than two and four years, respectively.

LatinFocus Consensus Forecast participants expect total consumption to grow 4.1% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees total consumption growing 4.2%.


Author:, Senior Economist

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Chile Consumer Confidence Chart


Chile consumer confidence August 2014

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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