Chile Business Confidence August 2016

Chile

Chile: Business confidence continues to inch up in August

September 5, 2016

For a second consecutive month, the mood among Chilean businesses improved marginally in August after having fallen to the lowest level in over seven years in June. The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez edged up from July’s 39.5 points to 40.2 points in August. The index remains well below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.

August’s minor increase mainly reflected less pessimistic sentiment in the construction sector, where confidence had fallen to an unprecedented low in July, and in the industrial sector. Conversely, sentiment deteriorated in the mining and trade sectors.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.2% in 2016, which is up 0.1 percentage points from last month’s estimate. In 2017, the panel expects private investment to increase 1.5%.


Author: Teresa Kersting, Economist

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Chile Business Confidence August 2016 0

Note: Business Confidence Index (IMCE, Indicator Mensual de Confianza Empresarial). Values above 50 indicate optimistic perception, below 50 indicate negative perception.
Source: Universidad Adolfo Ibanez/ICARE


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