Chile Consumer Confidence January 2019

Chile

Chile: Consumer sentiment improves in January

February 4, 2019

The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose to 47.0 points in January, from 44.6 points in December. The index, nevertheless, remained below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

January’s detailed estimate shows that four of the five components of the index improved with respect to the previous month. Consumers’ assessment of the country’s current economic situation saw the largest increase and jumped into optimistic territory. In addition, expectations about the country in the next twelve months and willingness to buy big-ticket household items both pushed further above the 50-point threshold. Meanwhile, consumers’ opinion of the country’s stability over the next five years improved slightly but remained deeply anchored in negative territory. Lastly, households grew slightly more pessimistic about their current personal financial situation in January.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.3% in 2020.


Author:, Economist

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Chile consumer confidence January 2019 7

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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