Chile Business Confidence July 2019

Chile

Chile: Business confidence improves marginally in July

August 1, 2019

The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, slightly improved in July, landing at 50.4 points (June: 50.2 points), marginally above the crucial 50-point threshold that separates optimism from pessimism among Chilean businesses.

Notably, sentiment in the industrial sector improved, albeit remained negative, while sentiment in mining rose to a 14-month high. In contrast, sentiment in commerce fell, but remained positive, while sentiment in construction dipped further into negative territory in July.

Panelists surveyed for this month’s LatinFocus report project fixed investment to expand 4.7% in 2019, which is unchanged from last month’s forecast, and 4.5% in 2020.


Author:, Economist

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Chile Business Confidence Chart


Chile Business Confidence July 2019

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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