Chile Consumer Confidence May 2019

Chile

Chile: Consumer sentiment slumps to two-year low in May

June 6, 2019

The Adimark GfK consumer confidence index declined to 40.7 points in May, from 43.2 points in April, marking the lowest reading since May 2017. Consequently, the index fell further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

May’s detailed estimate showed an across-the-board deterioration in all five sub-components of the index. Notably, consumers’ perception of their own personal situation and their assessment of the country’s current situation dropped the most and both fell further into negative territory. Meanwhile, their judgment of the country’s stability over the next five years ticked down and remained deeply entrenched in pessimistic territory. Lastly, consumers’ willingness to buy big-ticket household items edged down, although remained in positive territory.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and also 3.3% in 2020.


Author:, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence May 2019

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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