Chile: Business confidence recovers in September from over-six-year low; remains in pessimistic territory
October 7, 2015
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibañez, rose from August’s 39.7 points, which had marked the lowest reading since March 2009, to 45.3 points in September. Nevertheless, the index remains below the 50-point threshold that separates pessimism from optimism.
September’s improvement reflected higher confidence among all sectors of the economy. Mining recorded the largest increase, followed by construction. Confidence among trade and industry registered moderate gains.