Chile: Consumer confidence rises in October
November 8, 2010
In October, the consumer confidence index (IPEC, indice de Percepcion de la Economia) published by Adimark GfK jumped to 56.5 points from 53.8 points in September. The reading marks the third consecutive monthly increase and lifts consumer confidence further above the 50-point threshold that separates optimistic from pessimistic territory. The rise in consumer sentiment was broad-based, as almost all sub-categories composing the index improved over the previous month. That said, the improvement was mainly driven by a 1.8 point increase in both current national outlook and current personal expectations. Moreover, expectations regarding the long-term economic outlook rose markedly from the previous month. In contrast, expectations regarding the short-term outlook deteriorated from the previous month.