Chile: Consumer sentiment falls to three-year low in October
November 5, 2019
The Adimark GfK consumer confidence index fell to 36.7 points in October, the lowest print since October 2016, from 38.6 points in September, thus falling further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
October’s detailed estimate showed that consumers’ current conditions and future prospects deteriorated. Chileans were more pessimistic about both the country’s current situation and their current personal conditions. Meanwhile, their outlook of the country’s stability in the next five years plunged deeper into negative territory, while their willingness to purchase big ticket household items also deteriorated further. In contrast, consumers’ prospects of the country’s economic conditions over the next year improved, although they remained negative overall.
Author: Nicolás J. Aguilar, Economist