Chile: Consumers less confident in January
February 11, 2016
In January, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from December’s six-month high of 37.0 points to 34.3 points. As a result, the index remains below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
January’s setback mainly reflected that consumers’ expectations regarding Chile’s current economic situation as well as the country’s worsened economic outlook. Adding to this, consumers turned less optimistic regarding their ability to purchase household items. Conversely, household were more confident about their current personal economic situations.