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.
Author: Dirina Mançellari, Senior Economist