Chile Business Confidence January 2016

Chile

Chile: Business confidence improves at the outset of this year

February 5, 2016

The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibañez, advanced from 42.9 points in December to 45.0 points in January. Despite this improvement, the index remains below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.

January’s improvement mainly reflected strengthening sentiment in the mining sector. In addition, the trade and industry sectors also became more confident, while sentiment in the construction sector fell.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 1.4% in 2016, which is unchanged from last month’s estimate. In 2017, the panel expects private investment to increase 3.4%.


Author: Teresa Kersting, Economist

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Chile Business Confidence Chart


Chile Business Confidence January 2016

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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