Chile: Consumers remain optimistic in July
August 10, 2012
In July, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) inched up to 50.4 points from 50.3 points in June. With the modest rise seen in July, confidence among consumers remains above the 50-point threshold that separates optimism from pessimism for the second consecutive month. The improvement was driven by consumers' more positive assessment regarding their current personal situation. Moreover, respondents' to the July survey had more optimistic expectations on the country's economic prospects in the next year. Accordingly, consumers' willingness to make major purchases improved over the previous month.