translated from Spanish: Ipsos: Chilean consumer confidence reaches its highest level in 2 years

The international consultancy Ipsos prepared a new version of the monthly Consumer Confidence Index (CCI) report, in which it is aware of the economic recovery that is beginning to resume Chile.La measurement shows that local consumer confidence reports an increase for the third consecutive month, reaching 40.6 units , after experiencing a jump of 2.1 points compared to the June study. Despite this improvement in the CCI indicator shown by Chile, the domestic market remains in a zone of pessimism, being in 20th place of the 28 economies studied by Ipsos. In the record, our country surpasses Peru, Hungary, South Africa, Argentina and Turkey, among others.” In a national context marked by the decrease in the numbers of contagion of the pandemic, fewer deaths and also the delivery of economic benefits such as the IFE Universal, the increase in the confidence of Chilean consumers is mainly explained by the growing economic expectations for the next six months and the greater capacity to make purchases at home compared to 6 months ago” , explained Jorge López (manager of Ipsos Chile). According to the respondents, our country experienced significant increases in the sub-indices “Expectations” (+2.2) and “Investments” (+2.2), and somewhat lower in “Work” (+1.9) and “Current situation” (+0.5). However, this increase in confidence is not only evident in Chile, but also globally. The world average for this index is 48.3 points (+1.0 compared to June). Latin America is the region with the highest increase in consumer confidence (+2.1 on average), which is dragged down by the increase in Argentina (+3.0), Brazil (+2.4) and Chile (+2.1). On the other hand, the only area of the world that experiences a decline in this indicator is the Middle East and Africa, driven by the deterioration of South Africa (-1.8 points) and Saudi Arabia (-0.8).” It should be noted that China remains the country with the highest confidence (73.3 points), followed by Saudi Arabia (64.9 points) and the United States (61.9 points), and at the other end we have Turkey with the lowest figure (30.1 points),” Lopez added.

Original source in Spanish