Chile Consumer Confidence November 2018


Chile: Consumer confidence slips to a 15-month low in November

December 6, 2018

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) fell to 44.9 points in November, from 46.7 points in October, marking the weakest reading since August 2017. As a result, the index slipped further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers, where it has been since August.

November’s reading reflected weaker sentiment in four out of the five components of the index compared to October. Consumers’ opinion of the country’s stability over the next five years fell markedly in November and remained very deeply entrenched in negative territory. In addition, consumer’s assessment of their current personal situation remained in negative territory in November, deteriorating further from the previous month. Meanwhile, their assessment of the country’s current economic situation worsened in the surveyed month and slipped further below the 50-point threshold.

Consumer’s opinion of the country’s stability over the next twelve months continued to deteriorate in November, although it remained in positive territory. Lastly, their willingness to buy big-ticket household items improved again in the surveyed month, as the sub-index moved further above the 50-point threshold.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.5% in 2019, which is unchanged from last month’s forecast, and 3.3% in 2020

Author:, Research Team Manager

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Chile Consumer Confidence Chart

Chile consumer confidence November 2018

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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