Chile: Consumer confidence improves for fifth consecutive month
September 5, 2012
In August, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) rose to 52.4 points from 50.4 points in July. The reading represents the highest level recorded since November 2010. With the monthly increase, which marked the fifth consecutive improvement in the index, confidence among consumers remained above the 50-point threshold that separates optimism from pessimism for the second consecutive month. The improvement was driven by consumers' more positive assessment regarding the current economic situation and the national outlook for the next 12 months. In addition, consumers willingness to make major purchases improved notably, reaching the highest level since December 2010. That said, respondents assessment on their current personal situation was unchanged from the previous month.