Chile Business Confidence November 2022

Chile

Chile: Business confidence rises in November

December 1, 2022

Business confidence came in at 41.0 in November, up from October's 39.0. Consequently, the index remained entrenched below the 50-point threshold, signaling sustained pessimism among businesses.

November's rise was driven by more upbeat sentiment in the retail and mining sectors. In contrast, sentiment in the construction and industrial sectors deteriorated.

Panelists surveyed for this month’s LatinFocus report project a 1.0% drop in fixed investment in 2022, which is down 0.6 percentage points from last month’s forecast. For 2023, they project fixed investment to fall 1.6%.


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Chile Business Confidence November 2022

Note: Business Confidence Index (IMCE, Indicator Mensual de Confianza Empresarial). Values above 50 indicate optimistic perception, below 50 indicate negative perception.
Source: Universidad Adolfo Ibañez/ICARE.


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