Chile Consumer Confidence May 2017

Chile

Chile: Consumer confidence rises for third consecutive month in May

June 9, 2017

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from 40.1 points in April to 40.6 points in May, marking the third successive monthly rise and meaning the index is now at its highest point since February 2015. However, the index remains entrenched below the 50-point threshold separating pessimism from optimism.

May’s uptick was driven by greater optimism regarding the economic situation of the country over the next twelve months, consumers’ personal economic situation and their willingness to make household purchases. In contrast, consumers grew less optimistic regarding the country’s economic stability over the next five years and the current economic situation.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 2.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees private consumption increasing 2.7%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence May 2017

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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