Chile Business Confidence

Chile

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.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.6% in 2015, which is unchanged from last month’s estimate. In 2016, the panel expects private investment to increase 3.3%.


Author: Teresa Kersting, Economist

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Chile Business Confidence September 2015

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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