Chile Consumer Confidence

Chile

Chile: Consumer sentiment rises in October

November 9, 2015

In October, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from September’s 34.1 points to 35.2 points. The index remains below the 50-point threshold separating pessimism from optimism, where it has been for the last 17 months.

October’s improvement mainly reflects that consumers were slightly less pessimistic about the country’s current economic situation and also their ability to purchase household items. In addition, consumers’ views on the country’s economic situation over the next 12 months improved.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.3% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption increasing 2.7%, which is also up 0.1 percentage points from last month’s projection.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence October 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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