Chile Consumer Confidence January 2016

Chile

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.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.3% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees total consumption increasing 2.9%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence January 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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