Chile: Consumer sentiment slumps to all-time low in November
December 3, 2019
The Adimark GfK consumer confidence index fell to 28.3 points in November, a record low, from 36.7 points in October. Thus, the index fell further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
November’s bleak result reflected the negative effects that country-wide protests are having on consumers. Four out of five sub-components of the index sank deeper into negative territory, with consumers’ willingness to buy big-ticket household items taking the biggest blow. Conversely, households’ perception of the stability of the country in the next five years rose in November, yet remained entrenched in pessimistic territory.