Chile: Business confidence hits highest reading in one-and-a-half years in October
Business confidence rose to 51.7 in October from September’s 49.8. October’s result marked the strongest sentiment since April 2019. Consequently, the index moved above the 50-point threshold, which separates optimism from pessimism among businesses.
October’s rise was driven by an almost broad-based improvement, with sentiment in the commerce, construction and industrial sector all recording notable gains. On the other hand, sentiment in the mining sector cooled.