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.