Chile: Consumer confidence slid in October, but stayed above the 50 neutral level.

Chile: Consumer confidence slid in October, but stayed above the 50 neutral level.

CHILE

Consumer confidence declined in October, but remained above the 50 neutral level. Consumer confidence slid 1.7% m/m to stand at 52.7 in October. Thus, last month was the fifth straight month of results above the 50 neutral level.

While growth and employment have apparently remained strong in October, consumers’ inflation expectations increased last month. In particular, elevated food price increases may have depressed consumer sentiment in October, given that this variable is a key determinant of swings in the consumer mood.