Chile Consumer Confidence

Chile

Chile: Consumers' sentiment improves in December

January 10, 2015

In December, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from November’s 41.1 points to 45.3 points. December’s figure marked the highest rate in five months. Despite the increase, the index remains below the 50-point threshold separating optimism from pessimism.

December’s improvement came on the back of consumers’ more optimistic views regarding the country’s economic situation in the medium and long term. Their sentiment regarding their personal economic situation as well as the country’s current economic situation improved compared to November. In addition, consumers were more willing to make major purchases this month compared to the previous month.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.4% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption growing 3.3%.


Author:, Senior Economist

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Chile Consumer Confidence Chart


Chile consumer confidence December 2014

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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