Chile Consumer Confidence

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.5% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees total consumption increasing 2.9%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence December 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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