Chile Business Confidence

Chile

Chile: Business confidence reaches lowest level in more than five years

August 6, 2014

In July, the business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by Icare and the Universidad Adolfo Ibañez fell from 43.7 points in June to 42.2 points, which marked the lowest level since May 2009. Business confidence is now further below the 50-point threshold that separates pessimism from optimism.

July’s figure was driven by deterioration in all of the sub-components of the index, where trade and mining recorded the biggest drops compared to the previous month.

LatinFocus Consensus Forecast panelists expect fixed private investment to grow 0.2% in 2014, which is down 0.7 percentage points from last month’s estimate. In 2015, the panel expects private investment to increase 5.3%.


Author:, Senior Economist

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Chile Business Confidence Chart


Chile Business Confidence July 2014

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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