Chile Consumer Confidence August 2021

Chile

Chile: Consumer confidence weakens in August

October 4, 2021

The consumer confidence index, produced by the Universidad del Desarrollo, dropped to 81.6 points in August from 87.5 points in July, which had marked the strongest result since September 2019. Therefore, the index moved further below the 100 threshold, signifying pessimism among consumers.

Consumers grew markedly more downbeat about the outlook on the labor market, and were more pessimistic regarding their future incomes. Moreover, their views on the current and future economic situation worsened.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to increase 11.5% in 2021, which is up 1.1 percentage points from last month’s forecast. For 2022, the panel sees private consumption growing 3.1%.


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Chile Consumer Confidence August 2021 0

Note: Consumer confidence index (IPeCo, Indice de percepción del consumidor). December 2001=100.
Source: Universidad del Desarrollo


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