Chile Business Confidence

Chile

Chile: Business confidence improves in March

April 8, 2015

The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibañez, rose from 41.9 points in February to 48.6 points in March, which marked the highest level since April 2014. As a result of the increase, the index is now closer to the 50-point threshold that separates pessimism from optimism.

March’s increase was driven mainly by an improvement in trade and industry. In addition, mining also improved and reached its highest level since December 2013.

LatinFocus Consensus Forecast panelists expect fixed investment to grow 4.9% in 2015, which is down 0.2 percentage points from last month’s estimate. In 2016, the panel expects private investment to increase 3.6%.


Author:, Senior Economist

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Chile Business Confidence Chart


Chile Business Confidence March 2015

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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