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.