Chile: Consumers increasingly pessimistic in April
May 9, 2011
In April, the consumer confidence index, (IPEC, indice de Percepcion de la Economia) published by Adimark GfK dropped to 46.0 points from 46.7 points in March, the second consecutive month of declining consumer confidence. Moreover, confidence was below the level registered in the same month the year before, when the index stood at 48.3 points. With the April drop, consumer sentiment fell further below the 50-point threshold that separates optimism from pessimism, which does not bode well for consumption in the coming months. Consumers were less upbeat about the current economic outlook but, on the other hand, reported a higher willingness to make major purchases.