Chile: Consumer confidence rises in April
May 12, 2017
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from 37.3 points in March to 40.1 points in April, marking the second consecutive monthly rise. However, the index remains entrenched below the 50-point threshold separating pessimism from optimism, where it has been since May 2014.
April’s significant uptick was driven by greater optimism regarding the current economic situation of the country, the economic situation of the country over the next twelve months, consumers’ personal economic situation and the country’s economic stability over the next five years. Consumers also became more willing to make household purchases, which bodes well for private consumption.
Author: Oliver Reynolds, Economist