Chile: Consumer confidence rises for fourth consecutive month in June
July 24, 2017
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from 40.6 points in May to 40.8 points in June, marking the fourth successive monthly rise and meaning the index is now at its highest point in over two years. However, the index remains entrenched below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
June’s uptick was driven by greater optimism regarding the country’s economic stability over the next five years, and consumers’ greater willingness to make household purchases. In contrast, consumers grew more pessimistic regarding the current situation in the country, the economic situation over the next 12 months and their current personal situation.
Author: Oliver Reynolds, Economist