Chile: Consumer confidence inches down in February
March 10, 2014
In February, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) inched down from January's 54.6 points to 54.3 points. Despite the slight decrease, consumer confidence is still above the 50-point threshold separating optimism from pessimism. Most of the components of the index deteriorated compared to the previous month. Consumers' assessment of the country's economic situation in the next five years, as well as their views regarding personal finances, deteriorated compared to the previous month. Conversely, consumers' views on the country's current economic situation improved compared to January. LatinFocus Consensus Forecast participants expect total consumption to grow 4.5% in 2014, which is down 0.2 percentage points from last month's forecast. For 2015, the panel sees total consumption growing at the same 4.5% rhythm.
Author: Dirina Mançellari, Senior Economist