Chile: Consumer confidence picks up but remains pessimistic in November
Consumer confidence came in at 97.0 in November, up notably from October’s 84.6. November’s result marked the best reading since September 2019, and was likely aided by the improving labor market situation. However, as a result, the index remained slightly below the 100-point threshold, and indicated pessimism among consumers.
Consumers grew more upbeat about the current economic situation and the labor market, as well as future income prospects. That said, sentiment around the future economic situation stayed subdued, likely amid lingering political uncertainty as the election process remained ongoing.