Chile Consumer Confidence

Chile

Chile: Consumers' sentiment in May rises from April's five-year-low

June 10, 2015

In May, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose from April’s 38.3 points to 39.0. April’s result had marked the lowest level since April 2009. Despite the increase, the index is still far below the 50-point threshold separating pessimism from optimism.

Consumers assessed their personal situations as well as the country’s current economic situation more positively than in April. In addition, their assessment of the country’s economic situation in 5 years also improved. Conversely; consumers were more negative about the country’s situation in 12 months.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.7% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees total consumption growing 3.4%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence May 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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