Chile: Consumer confidence virtually stable in February
March 11, 2013
In February, the Adimark GfK consumer confidence index (IPEC, Indice de Percepcion de la Economia) was at 58.1 points, virtually unchanged from the 58.0 points recorded in January. At the current level, confidence among consumers remains well above the 50-point threshold that separates optimism from pessimism. In addition, the index is 8.5 points above the level observed in the same month last year.
The slight improvement came on the back of households' more optimistic assessment regarding their personal current economic situation. On the other hand, consumers' assessment of the five year national outlook deteriorated somewhat, after having reached the highest level in over two years in January.