Chile: Consumer confidence rises for fifth consecutive month in July
August 8, 2017
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from 40.8 points in June to 41.0 points in July, marking the fifth successive monthly rise and meaning the index is now at its highest point in over two years. However, the index still remains entrenched below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
July’s uptick was driven by greater optimism regarding the country’s economic stability over the next five years, the current situation of the country, economic expectations over the next twelve months and consumers’ slightly greater willingness to make household purchases. In contrast, consumers grew markedly more pessimistic regarding their current personal situation.
Author: Oliver Reynolds, Economist