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.