Chile household income and consumption soared in Q2 while debt declined

At the national level, income grew 22.5% while spending increased 32.1%.

RIO DE JANEIRO, BRAZIL - According to the National Accounts by Institutional Sector report, published by the Central Bank on October 6, household disposable resources increased by 21% year-on-year, while spending grew by 33.3%.

This led to an increase of 14.7 percentage points (pp) in income over the first quarter and of 24.5 pp in consumption.

The extension of the Emergency Family Income (IFE) - which at the time had not yet reflected its extended nature, effective in the July payment - and the new middle class bonus granted by the government were the driving forces behind the . . .

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