Chile Consumer Confidence

Chile

Chile: Consumers' sentiment improves in February

March 10, 2015

In February, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from January’s 41.9 points to 44.7 points. As a result of the increase, the index is now closer to the 50-point threshold separating optimism from pessimism.

February’s improvement came on the back of consumers’ more optimistic views regarding the country’s economic situation in the next 12 months. Consumers’ sentiment regarding their personal economic situation slightly improved compared to January. In addition, they were more willing to make major purchases in February 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 February 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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