Chile: Consumer confidence rises to seven-year high
May 13, 2013
In April, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from 56.8 points recorded in March to 59.2 points, reaching the highest level since March 2006. As a result, confidence among consumers remains well above the 50-point threshold that separates optimism from pessimism.
The improvement was broad based as all sub-indicators experienced increases compared to the previous month. Respondents to the survey expressed a more optimistic outlook on the country's current conditions, as well as their personal current situation. In addition, consumers' assessment of the five year national outlook also improved, reaching the highest level since February 2010.
LatinFocus Consensus Forecast participants expect total consumption to grow 5.2% this year, which is unchanged from last month's forecast. For 2014, the panel sees total consumption expanding 4.7%.