Chile: Consumer sentiment improves in July
August 5, 2019
The Adimark GfK consumer confidence index rose to 40.3 points in July, from 37.8 points in June which had marked the lowest print since March 2017. Consequently, the index remained below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
July’s detailed estimate showed an across-the-board improvement in all five sub-components of the index. Notably, consumer’s willingness to buy big ticket-household items turned positive, while their current and one-year outlooks of the country’s economic situation both improved. In addition, their judgment of the country’s stability over the next five years improved as well, albeit remained deeply entrenched in pessimistic territory, while their perception of their own economic situation edged up.
Author: Nicolás J. Aguilar, Economist