Chile: Consumer sentiment edges up in January but remains largely pessimistic
February 7, 2020
The Adimark GfK consumer confidence index rose to 30.4 points in January, from 29.4 points in December. Nevertheless, the index remained deeply entrenched below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
January’s print reflected slight improvements in consumers’ perception of the current conditions of the country and a less gloomy assessment of their own personal situation. Moreover, their willingness to purchase big-ticket household items also improved at the start of the year. In contrast, their expectations for the economy in the year ahead soured, as did their perception of the country’s stability in next five years.
Author: Nicolás J. Aguilar, Economist