Chile Consumer Confidence


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.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.4% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption growing 3.3%.

Author:, Senior Economist

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Chile Consumer Confidence Chart

Chile consumer confidence January 2015

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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