Chile Consumer Confidence

Chile

Chile: Consumer sentiment in September inches up from August's over-six-year low

October 13, 2015

In September, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) inched up from August’s 33.9 points, which had represented the lowest reading since November 2008, to 34.1 points. The index remains below the 50-point threshold separating pessimism from optimism, where it has been for the last 16 months.

September’s marginal improvement mainly reflects that consumers were slightly less negative about their personal and the country’s current economic situation. Conversely, they were more negative about the country’s economic situation in the next 12 months and in five years. Consumers’ views on the purchase of household items also worsened.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.2% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption increasing 2.6%, which is down 0.1 percentage points from last month’s projection.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence September 2015

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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