Chile Consumer Confidence February 2016

Chile

Chile: Consumers more confident in February

March 14, 2016

In February, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from January’s 34.3 points to 37.6 points. Despite the improvement, the index remains below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.

February’s rise reflected improvements in all components of the index. Consumers’ expectations regarding Chile’s current economic situation as well as the country’s economic outlook improved. Adding to this, households were more confident about their current personal economic situation and they turned less pessimistic regarding their ability to purchase household items.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.4% in 2016, which is up 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 February 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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