Chile Business Confidence January 2017

Chile

Chile: Business confidence rises in January

February 6, 2017

The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose to 44.9 points in January, a substantial improvement from December’s 41.5 points and marking the highest reading in eleven months. Despite the significant uptick, the indicator remains entrenched below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.

January’s rise was driven by improving sentiment across the board, with the commercial, mining, construction and industry sectors becoming more optimistic. The mining sector recorded by far the largest monthly rise, jumping over ten points compared to December in line with an uptick in copper prices, while the commercial sector moved back into optimistic territory.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 1.0% in 2017, which is unchanged from last month’s estimate. In 2018, the panel expects fixed investment to increase 2.7%.


Author:, Economist

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Chile Business Confidence Chart


Chile Business Confidence January 2017

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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