In the third quarter, the business confidence indicator (IEE, Indice de Expectativas Empresariales) produced by the Santiago Chamber of Commerce (Camara de Comercio de Santiago) rose to 67.4 points from 63.7 points in the second quarter. As a result, the index moved further above the 50-point threshold that separates optimism from pessimism, where it has remained since Q1 2009. The improvement was broad-based as most sectors recorded gains compared to the preceding quarter, while only the construction sector deteriorated. In its statement, the Chamber of Commerce noted rising optimism amongst businesses, which saw lower probability of a recession in next 12 months compared to the previous quarter. In addition, firm's investment expectations stabilized and employment prospects increased slightly. However, firms expect a moderation in sales across all sectors, consistent with the weakening external sector and thus lower growth outlook.
Chile Business Confidence
Business confidence improves in Q3
October 11, 2012
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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
The Chilean government presented the most austere budget proposal in over a decade on 30 September.
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.