Chile: Consumer confidence rises to over three-year high in September
October 6, 2017
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) increased from to 41.1 points in August to 45.9 points in September, marking the seventh successive monthly rise and meaning the index is now at its highest point in over three years. However, the index still remains below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
September’s significant uptick was driven by greater optimism regarding the country’s economic stability over the next five years, the current situation of the country, economic expectations over the next twelve months and consumers’ current personal situation. Consumers also displayed a greater willingness to make household purchases.
Author: Oliver Reynolds, Economist