Chile Consumer Confidence March 2016


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.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.0% in 2016, which is down 0.2 percentage points 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 March 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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