Consumer confidence collapses due to coronavirus crisis

The impact on the economy, employment and income brought the Consumer Perception Index to its lowest level since December. The rapid deterioration of the country’s economic situation, as a result of the coronavirus crisis, has consumers at the most pessimistic levels on record. Confidence in the future (expectations index) increased marginally (1.7 points), although it also remained at an extremely pessimistic level.

Source: La Tercera

Categories: Macroeconomy/Finance