Chile Business Confidence July 2021

Chile

Chile: Business confidence hits highest reading since April 2013 in July

July 30, 2021

Business confidence rose to 57.6 in July from June's 54.3. July's result marked the strongest sentiment since April 2013. Consequently, the index moved further above the 50-point threshold, indicating optimism among businesses.

Looking at the details of July's release, confidence in the retail sector turned more upbeat, while sentiment in the industrial sector improved. Meanwhile, confidence in the mining sector eased somewhat but remained optimistic.

Panelists surveyed for this month’s LatinFocus report project fixed investment to increase 9.6% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, they project it to grow 4.2%.


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Chile Business Confidence July 2021

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


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