Chile: Consumer sentiment rises to six-month high in December
January 5, 2016
In December, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from November’s 36.4 points to a six-month high of 37.0 points. Nevertheless, the index remains below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
December’s improvement mainly reflects that consumers were more positive about their personal and Chile’s current economic situation. In addition, consumers’ expectations regarding the country’s economic outlook in one year improved. By contrast, consumers turned more pessimistic regarding their ability to purchase household items as well as the country’s outlook in five years.