Chile: Consumers' sentiment deteriorates in March
April 10, 2015
In March, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from February’s 44.7 points to 39.7, thus dropping to the lowest level since May 2009. As a result of the decrease, the index is further below the 50-point threshold separating optimism from pessimism.
March’s deterioration came on the back of consumers’ less optimistic views regarding the country’s economic situation in the medium and long term. Consumers were less willing to make major purchases this month compared to the previous month. In addition, their sentiment regarding their personal economic situation as well as the country’s current economic situation deteriorated compared to the previous month.
Author: Dirina Mançellari, Senior Economist