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.
Author: Nicolás J. Aguilar, Economist