Chile Business Confidence June 2020

Chile

Chile: Business confidence picks up in June

June 30, 2020

Business confidence came in at 37.3 in June, up from May's 34.3. As a result, the index remained entrenched below the 50-point threshold separating pessimism from optimism among businesses.

Looking at the details of June's release, only the mining sector became less optimistic, while confidence in the retail, industrial and construction sectors turned less pessimistic.

Panelists surveyed for this month’s LatinFocus report project fixed investment to decline 10.3% in 2020, which is down 2.3 percentage points from last month’s forecast. For 2021, they project it to grow 5.9%.


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Chile Business Confidence June 20 20

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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