Chile Consumer Confidence August 2019

Chile

Chile: Consumer sentiment weakens in August

September 5, 2019

The Adimark GfK consumer confidence index fell to 39.4 points in August, from 40.3 points in July. Consequently, the index edged further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.

August’s detailed estimate showed that the deterioration was generally broad-based. Consumers’ current and one-year outlooks of the country’s economic situation weakened and remained in negative territory. On top of that, consumers’ perception of their own economic situation softened in the surveyed month and continued hovering in pessimistic territory.

That said, consumers’ judgment of the country’s stability over the next five years improved somewhat in August, although it remained deeply entrenched in negative territory. In contrast, consumer’s willingness to buy big ticket-household items remained positive, albeit it deteriorated slightly from July.

Panelists participating in the LatinFocus Consensus Forecast expect private consumption to grow 3.0% in 2019, which is down 0.2 percentage points from last month’s forecast, and also 3.2% in 2020.


Author:, Economist

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Chile consumer confidence August 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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