Chile: Consumer confidence drops in October
November 9, 2012
In October, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) fell to 52.7 points from 53.6 points in September. Despite the monthly drop, confidence among consumers remains above the 50-point threshold that separates optimism from pessimism. The deterioration was broad-based as most subcategories worsened over the previous month, especially consumers' assessment regarding their economic situation, which dropped to a five-month low. Accordingly, consumers' willingness to make major purchases declined. On a positive note, consumers' expectations on the general economy in the long term improved to the highest level in two years.