Chile Business Confidence


Business confidence hits five-month high

In October, the business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by Icare and the Universidad Adolfo Ibanez inched up to 59.7 points from 59.5 points in September. At the current level, which is the highest recorded in five months, the index remains above the 50-point threshold that separates optimism from pessimism. The monthly rise was driven by improvements in the mining and industrial sectors. The construction sector deteriorated over the previous month, although it remains in optimistic territory, while commerce remained virtually unchanged.


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Chile Business Confidence Chart

Chile Business Confidence October 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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