Chile Consumer Confidence September 2020

Chile

Chile: Consumer confidence ticks up in September

October 5, 2020

The Adimark GfK consumer confidence index rose to 26.5 points in September, from 25.5 points in August, marking the strongest reading in six months. However, the index remained entrenched below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

September’s improvement was broad-based. Sentiment regarding the economic outlook for the next year; current general economic conditions; personal financial conditions; expectations on the stability of the country in the next five years; and consumers' willingness to buy big-ticket items, all improved from the previous month.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to fall 5.6% in 2020, which is down 1.6 percentage points from last month’s forecast. For 2021, the panel sees private consumption growing 4.3%.


Author: Massimo Bassetti, Senior Economist

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Chile Consumer Confidence Chart


Chile Consumer Confidence September 20 20

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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