Chile Consumer Confidence

Chile

Chile: Consumers' sentiment drops to lowest level in over six years in June

July 13, 2015

In June, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from May’s 39.0 points to 37.2, which represents the lowest level since April 2009. As a result, the index moved further below the 50-point threshold separating pessimism from optimism.

June’s deterioration reflects setbacks in all of the five sub-categories that comprise the index. Consumers assessed their personal situations as well as the country’s current economic situation more negatively than in May. In addition, their assessment of the country’s economic situation in 12 months and in 5 years also worsened.

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 3.1%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence June 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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