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.
Author: Dirina Mançellari, Senior Economist