Chile Business Confidence February 2017

Chile

Chile: Business confidence picks up in February but firms remain pessimistic

March 6, 2017

The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose to 46.0 points in February, up from 44.9 points in the previous month and marking the highest reading in one year. Despite the uptick, the indicator still remains stubbornly below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.

February’s rise was due to improving sentiment in the industry and commercial sectors. The commercial sector, which moved further into positive territory, grew markedly more optimistic regarding sales and firms’ financial health. Meanwhile, in the construction and mining sectors sentiment worsened. The construction sector remained mired in pessimistic territory as a result of sluggish investment and stricter mortgage requirements, while the mining sector was likely negatively impacted by the uncertainty stemming from strike action.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.9% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel expects fixed investment to increase 3.0%.


Author:, Economist

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Chile Business Confidence Chart


Chile Business Confidence February 2017

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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