Chile Business Confidence August 2021

Chile

Chile: Business confidence improves in August

August 30, 2021

Business confidence rose to 60.4 in August from July's 57.6. August's result marked the strongest sentiment since April 2012, as was likely supported by the vaccine rollout, fiscal stimulus and the loosening of restrictions. Consequently, the index remained entrenched above the 50-point threshold, indicating optimism among businesses and boding well for fixed investment in the third quarter.

Looking at the details of August's release, confidence in the retail sector turned more upbeat, while sentiment in the industrial sector improved. The mining and construction sectors also reported more upbeat readings.

Panelists surveyed for this month’s LatinFocus report project fixed investment to increase 10.5% in 2021, which is up 0.9 percentage points from last month’s forecast. For 2022, they project it to grow 4.0%.


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Chile Business Confidence August 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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