Chile: Consumer confidence reaches lowest level in over three years
October 10, 2014
In September, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) inched down from August’s 43.1 points to 42.5 points. As a result, consumer confidence has fallen further below the 50-point threshold separating optimism from pessimism and it now rests at the lowest level since August 2011.
Consumers’ views about the country’s current economic situation and their perspectives regarding the economy in the next five years recorded a deterioration compared to the previous month. In addition, the sub-index representing consumer’s expectations to buy household items reached its lowest level since April 2010. However, in September, consumers were slightly more optimistic about their personal finances and the country’s situation in the next year.
Author: Dirina Mançellari, Senior Economist