Chile Consumer Confidence

Chile

Chile: Consumers' sentiment drops to five-year-low in April

May 10, 2015

In April, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from March’s 39.7 points to 38.3, thus dropping to the lowest level since April 2009. As a result of the decrease, the index is further below the 50-point threshold separating optimism from pessimism.

Consumers assessed their personal situations as well as the country’s current economic situation more negatively than in March. In addition, their assessment of the country’s economic situation in 12 months also worsened. Conversely; consumers were more positive about the country’s situation in 5 years and they were more willing to make major purchases compared to last month.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.7% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees total consumption growing 3.5%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence April 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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