Chile: Consumers less confident in March
April 14, 2016
In March, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from February’s 37.6 points to 35.5 points. Thus, the index remains well below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.
March’s drop reflected that consumers were more pessimistic about their ability to purchase household items and their current personal situation. On top of this, consumers were also less upbeat about Chile’s current economic situation and the economy’s prospects in a year. Conversely, consumers’ expectation for the economic situation in five years was the only category that improved compared to February.