Chile: Business confidence drops in October on weaker sentiment in mining sector
November 6, 2015
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibañez, fell from September’s 45.3 points to 43.0 points in October. As a result, the index remains below the 50-point threshold that separates pessimism from optimism.
October’s setback mainly reflected that confidence in the mining sector fell to an eight-month low, and—to a lesser extent—weaker sentiment in the trade sector. Conversely, confidence among the construction and the industry sectors improved.