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.