Chile: Business confidence stable in December
January 5, 2016
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibañez, in December remained at November’s 42.5 points. As a result, the index remains below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.
December’s result mainly reflected that stronger sentiment in the construction, trade and—to a lesser extent—mining sectors was offset by weaker sentiment in industry.