Chile Consumer Confidence

Chile

Chile: Consumers' sentiment improves in October

November 12, 2014

In October, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) inched up from September’s 42.5 points to 43.1 points. September’s figure had marked the lowest level in over three years. Despite the increase, the index remains below the 50-point threshold separating optimism from pessimism.

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

LatinFocus Consensus Forecast participants expect total consumption to grow 2.4% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel sees total consumption growing 3.3%, which is down 0.2 percentage points from last month’s estimate.


Author:, Senior Economist

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Chile consumer confidence October 2014 0

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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