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.