Chile Consumer Confidence April 2017

Chile

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.

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 2.6%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence April 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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