Chile: Consumers' sentiment deteriorates in January
February 10, 2015
In January, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from December’s 45.3 points to 41.9 points. As a result of the decrease, the index is now further below the 50-point threshold separating optimism from pessimism.
January’s deterioration came on the back of consumers’ less optimistic views regarding the country’s economic situation in the next 12 months. Their sentiment regarding their personal economic situation deteriorated compared to December. In addition, consumers were less willing to make major purchases this month compared to the previous month.
Author: Dirina Mançellari, Senior Economist