Chile Business Confidence August 2020

Chile

Chile: Business confidence hits highest reading since February in August.

September 1, 2020

Business confidence rose to 42.5 in August from July's 37.8. August's result marked the strongest sentiment since February. Consequently, the index moved closer to the 50-point threshold, but still indicated pessimism among businesses.

August's rise was driven by a broad-based improvement, with sentiment in the commerce sector, construction sector and industrial sector all picking up.

Panelists surveyed for this month’s LatinFocus report project fixed investment to decline 10.3% in 2020, which is down 2.3 percentage points from last month’s forecast. For 2021, they project it to grow 5.9%.


Author: Massimo Bassetti, Senior Economist

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Chile Business Confidence Chart


Chile Business Confidence August 20 20

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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