In the fourth quarter, the business confidence indicator (IEE, Indice de Expectativas Empresariales) produced by the Santiago Chamber of Commerce (Camara de Comercio de Santiago) rose to 70.2 points from 67.4 points in the third 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 all sectors recorded gains compared to the preceding quarter, in particular the industrial sector. In its statement, the Chamber of Commerce noted a slight increase in optimism amongst businesses, which saw lower probability of an economic downturn in the next 12 months compared to the previous quarter. In addition, firms' investment expectations and sales prospects increased notably. However, companies expect a moderation in employment across some sectors, a prospect consistent with the weakening external sector and thus lower growth outlook.
Chile Business Confidence
Business confidence remains optimistic
January 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.
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In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
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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).