Chile Consumer Confidence

Chile

Chile: Consumer confidence recovers in September

October 6, 2011

In September, the Adimark GfK consumer confidence index (IPEC, indice de Percepcion de la Economia), rose to 45.9 points, up from 42.0 points in August. The August reading had marked the lowest confidence level since July 2009. In spite of the September rise, consumer sentiment still remains below the 50-point threshold that separates optimism from pessimism, which suggests that consumption will soften over the coming months. The rebound was driven by a substantial improvement regarding the current and future national outlook. In addition, respondents reported higher willingness to make major purchases.


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