Chile Business Confidence

Chile

Chile: Business confidence drops to lowest level since April 2009

September 5, 2014

In August, the business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by Icare and the Universidad Adolfo Ibañez fell from 42.2 points in July to 41.3 points, which marked the lowest level since April 2009. As a result, business confidence is now further below the 50-point threshold that separates pessimism from optimism.

August’s figure was driven by deterioration in most of the sub-components of the index, where construction recorded the biggest drop compared to the previous month. Conversely, mining performed slightly better compared to the previous month.

LatinFocus Consensus Forecast panelists expect fixed private investment to grow 0.2% in 2014, which is down 0.7 percentage points from last month’s estimate. In 2015, the panel expects private investment to increase 5.3%.


Author:, Senior Economist

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Chile Business Confidence Chart


Chile Business Confidence August 2014

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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