Chile Consumer Confidence August 2018

Chile

Chile: Consumer confidence slips to negative territory in August

September 4, 2018

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) fell to a 10-month low of 47.0 points in August, from 50.0 points in July. As a result, for the first time this year the index slipped below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

The deterioration in consumer sentiment in August was once again broad-based—all five components of the index weakened markedly from the previous month. Nevertheless, consumers’ willingness to buy big-ticket household items and their outlook regarding the economic situation over the next twelve months remained well-entrenched in positive territory, despite deteriorating from July. Meanwhile, consumers’ view regarding their current personal situation and their assessment off the country’s current economic situation slipped deeper into negative territory in August. Lastly, consumers’ sentiment regarding the country’s stability over the next five years also weakened in August, significantly losing the most ground across the five components.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.8% in 2018, which is up 0.2 percentage points from last month’s forecast, and 3.5% in 2019.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence August 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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