Chile Business Confidence December 2020

Chile

Chile: Business confidence down in December

January 18, 2021

Business confidence fell to 48.0 in December from November's 54.2, which had marked the strongest sentiment since February 2019. Consequently, the index moved below the 50-point threshold, which separates optimism from pessimism among businesses.

December's drop was driven by a broad-based deterioration, with sentiment in the construction, mining and industrial sectors recording declines. On the other hand, sentiment in commerce sector improved.

Panelists surveyed for this month’s LatinFocus report project fixed investment to expand 6.1% in 2021, which is unchanged from last month’s forecast. For 2022, they project it to grow 4.4%.


Author: Massimo Bassetti, Senior Economist

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Chile Business Confidence Chart


Chile Business Confidence December 20 20 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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