Chile Consumer Confidence April 2016

Chile

Chile: Consumers less confident in April

May 11, 2016

In April, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) fell from March’s 35.5 points to 34.6 points. Thus, the index fell further below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.

April’s drop reflected declines in four of the five categories that comprise the index. Particularly, consumers turned more pessimistic regarding Chile’s current economic situation and about their personal economic situation. Furthermore, households’ assessment of Chile’s economic outlook in one and in five years also worsened. Conversely, they assessed their ability to purchase household items less pessimistically.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.0% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees total consumption increasing 2.5%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence April 2016

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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