Chile Consumer Confidence

Chile

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.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.6% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption growing 3.5%.


Author:, Senior Economist

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Chile Consumer Confidence Chart


Chile consumer confidence March 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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