Chile Consumer Confidence June 2016

Chile

Chile: Consumers slightly more confident but still pessimistic in June

July 20, 2016

In June, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose from May’s 33.9 points to 35.1 points, marking the first rise after three consecutive drops. Despite of the increase, the index rested below the 50-point threshold separating pessimism from optimism, where it has been since June 2014.

June’s increase reflected improvements across all five categories that comprise the index. Particularly, consumers turned less pessimistic regarding Chile’s current economic situation and the economic outlook for the next year. Moreover, consumers also became less pessimistic about their ability to purchase household items, Chile’s outlook in five years, and their current personal economic situations.

Panelists participating in the LatinFocus Consensus Forecast expect total consumption to grow 2.0% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees total consumption increasing 2.5%.


Author: Teresa Kersting, Economist

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Chile Consumer Confidence Chart


Chile consumer confidence June 2016 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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