Chile Consumer Confidence

Chile

Chile: Consumers' sentiment reaches lowest level in over five years

December 10, 2014

In November, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell from 43.1 points in October to 41.1 points. The figure marked the lowest level since July 2009. As a result, the index is further below the 50-point threshold separating optimism from pessimism.

November’s deterioration came on the back of consumers’ less optimistic views regarding the country’s current economic situation as well as their personal economic situation. In addition, consumers were less willing to make major purchases this month compared to the previous month. However, their sentiment regarding the country’s economic perspectives in the next five years improved slightly over the previous month.

LatinFocus Consensus Forecast participants expect total consumption to grow 2.5% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel sees total consumption growing 3.0%, which is down 0.3 percentage points from last month’s estimate.


Author:, Senior Economist

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Chile Consumer Confidence Chart


Chile consumer confidence November 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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