Chile Consumer Confidence April 2020

Chile

Chile: Consumer sentiment plummets to an all-time low in April as Covid-19 bites

May 4, 2020

The Adimark GfK consumer confidence index fell to 21.6 points in April, from 27.8 points in March, marking a new record low in the survey’s history. Thus, the index fell deeper below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

April’s dismal print saw all five subcomponents of the index sinking deeper into negative territory, as consumers quarrel with the Covid-19 pandemic and the social distancing measures taken to curtail its spread. Consumers’ perception of their own personal situation and their willingness to purchase big-tickets household items suffered the biggest drop. Meanwhile, their perception of the current situation of the country, their one-year outlook and their five-year outlook, all dropped to a lesser extent.

Panelists participating in the LatinFocus Consensus Forecast are still assessing the latest developments.


Author:, Economist

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Chile consumer confidence April 20 20

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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