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.