Chile Consumer Confidence July 2019

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.2% in 2019, which is unchanged from last month’s forecast, and also 3.2% in 2020.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence July 2019

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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