Chile: Consumer sentiment further deteriorates in September
The Adimark GfK consumer confidence index fell to 38.6 points in September from 39.4 points in August, thus falling further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
September’s detailed estimate showed that the decline was generally broad-based. Consumers’ one-year outlook of the country’s economic situation worsened in the surveyed month, as did their assessment of the country’s stability over the next five years. Moreover, consumers’ willingness to purchase big-ticket household items fell into negative territory in September.
That said, consumers’ judgement of the country’s current economic situation and their perception of their personal finances improved somewhat in September, although they remained entrenched in negative territory nonetheless.