The business confidence index (IEE, Indice de Expectativas Empresariales) produced by the Santiago Chamber of Commerce (Camara de Comercio de Santiago) inched up from 60.1 points recorded in the second quarter to 61.6 points in the third quarter. Business sentiment remains well above the 50-point threshold that separates optimism from pessimism. The increase was mainly the result of an improvement in sentiment in the commerce and natural resources sectors. According to the Chamber of Commerce, firms' perceptions about economic conditions for the next 12 months were more optimistic than in the second quarter. This optimistic sentiment was also reflected in businesses' outlook on future sales. LatinFocus panelists expect fixed investment to grow 8.9% this year, which is up 0.4 percentage points percentage points from last month's forecast. For 2014, the panel sees fixed investment decelerating to a 7.0% expansion, which is down 0.1 percentage points from last month's projection.
Chile Business Confidence
Business confidence improves in Q3
October 9, 2013
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Chile Business Confidence Chart
Note: Business Confidence Index (IMCE, Indicador Mensual de Confianza Empresarial). Values above 50 indicate optimistic perception, below 50 indicate negative perception.
Source: Universidad Adolfo Ibanez / ICARE.
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.