Chile: Consumers slightly less pessimistic in April
May 6, 2019
The Adimark GfK consumer confidence index rose to 43.2 points in April, from 42.3 points in March. Nevertheless, for the ninth consecutive month, the index remained stuck below the critical 50-point threshold that separates pessimism from optimism among Chilean consumer.
April’s detailed estimate showed a slight improvement in four out of five sub-components of the index. Notably, consumers’ expectations about the country over the next 12 months and their perception of their own personal situation both improved. Moreover, their assessment of the country’s stability over the next five years ticked up, although remained deeply entrenched in pessimistic territory. Lastly, consumer’s assessment of the country’s current situation was unchanged from a month earlier, while their willingness to buy big-ticket household items climbed higher into positive territory.
Author: Nicolás J. Aguilar, Economist