Chile: Business confidence ticks up in September
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June. The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose from August’s 40.2 points to 43.6 points in September. Nevertheless, the index remains well below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.
September’s rise reflected improvements across all sectors, with mining and industrial companies achieving the largest increases and businesses in the construction and trade sector recording the smallest increases.