Chile Consumer Confidence September 2017

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 2.2% in 2017. For 2018, the panel sees private consumption increasing 2.9%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence September 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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