Chile: Consumer sentiment picks up slightly in December but remains largely pessimistic
January 3, 2020
The Adimark GfK consumer confidence index rose to 29.4 points in December, from 28.3 points in November which had marked an all-time low. However, the index remained deeply entrenched below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
December’s print reflected slight improvements in consumers’ perception of the current situation of the country and its stability over the next five years. Moreover, their willingness to buy big-ticket household items saw the sharpest improvement, although remained in pessimistic territory. On the other hand, consumers’ assessment of their current personal financial situation soured, as did their expectations of economic conditions in the next 12 months.
Author: Nicolás J. Aguilar, Economist