In the second quarter, the business confidence index (IEE, indice de Expectativas Empresariales) produced by the Camara de Comercio de Santiago (CCS) dropped to 68.8 points from 73.4 points in the previous quarter. Confidence dropped for a second consecutive quarter suggesting a moderation in investment in the months ahead. That said, in spite of the fall, the index remains above the 50-point threshold that separates optimism from pessimism as well as the long-term average (67-points) and thus points to an ongoing expansion in business investment. The quarterly drop was broad-based, as most sectors reflected notable deteriorations, especially industry and services. In addition, investment and employment expectations deteriorated over the previous quarter as well as the economic outlook for the next twelve months. Sales represented the only exception, with survey participants expecting high copper prices to boost sales in the natural resources sector.
Chile Business Confidence
Business confidence drops in Q2
July 11, 2011
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).