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.
Author: Dirina Mançellari, Senior Economist