Chile Consumer Confidence January 2020

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 0.9% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, the panel expects private consumption to grow 2.6%.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence January 20 20 0

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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