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.
Author: Dirina Mançellari, Senior Economist