Chile Business Confidence


Business confidence remains optimistic

In May, the business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by Icare and the Universidad Adolfo Ibanez inched down to 60.3 points from 60.8 points in April. Despite the deterioration, the index remains above the 50-point threshold that separates optimism from pessimism. The weaker reading was broad-based, as almost all sub-categories of the index deteriorated somewhat over the previous month. Construction and mining recorded the largest drops, although both sub-sectors remained in optimistic territory. On the other hand, commerce was the only category to improve over the previous month.


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Chile Business Confidence Chart

Chile Business Confidence May 2012

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.

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