Chile Consumer Confidence

Chile

Chile: Consumer sentiment in July falls to lowest level in over six years

August 13, 2015

In July, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) declined from June’s 37.2 points to 34.3, which represents the lowest level since November 2008. As a result, the index moved further below the 50-point threshold separating pessimism from optimism, where it has been for the last 14 months.

July’s deterioration reflects setbacks in all of the five sub-categories that comprise the index. Consumers assessed their personal situations as well as the country’s current economic situation more negatively than in June. In addition, their assessments of the country’s economic situation in 12 months and in 5 years and their views on the purchase household items worsened.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.6% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption increasing 3.1%.


Author: Teresa Kersting, Economist

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Chile consumer confidence July 2015 0

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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