Chile Consumer Confidence

Chile

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.

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 September 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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