Chile Business Confidence

Chile

Chile: Business confidence improves in Q1

April 20, 2015

In Q1, the business confidence index (IEE, Indice de Expectativas Empresariales) produced by the Santiago Chamber of Commerce (Camara de Comercio de Santiago) rose from Q4’s 51.8 points to 55.4 points. As a result of the increase, the index now stands at its highest level in a year and is further above the 50-point threshold that separates optimism from pessimism.

The increase in Q1 came on the back of an improvement in firms’ outlook on the commerce and industry sectors. On the other hand, firms in the services sector were slightly less optimistic compared to the previous quarter. According to the Chamber of Commerce, businesses’ expectations regarding future investment were at the highest level since Q2 2014. In addition, expectations regarding future sales and employment improved markedly over the fourth quarter of last year and reached their highest level in a year.

LatinFocus panelists expect fixed investment to drop 4.3% this year, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees fixed investment to expand 3.8%.


Author:, Senior Economist

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Chile Business Confidence Chart


Chile Business ConfidenceCCS Q1 2015

Note: Business Confidence Index (IEE, Indice de Expectativas Empresariales). Values above 50 indicate optimistic perception, below 50 indicate negative perception.
Source: Camera de Comercio de Santiago (CCS).


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