Chile: Business confidence reaches a six-month high in March
April 7, 2014
In March, the business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by Icare and the Universidad Adolfo IbaÃ±ez inched up from 51.1 points in February to 51.9 points, which marked the highest level in six months. Following the March increase, confidence remains above the 50-point threshold that separates optimism from pessimism. March's figure was driven by an improvement in the construction and mining sectors, while industry and trade recorded a deterioration over the previous month. FocusEconomics Consensus Forecast panelists expect fixed private investment to grow 4.0% in 2014, which is unchanged from last month's estimate. In 2015, the panel expects private investment to increase 6.1%.
Author: Dirina Mançellari, Senior Economist