Chile Business Confidence September 2016


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.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.2% in 2016, which is down 0.2 percentage points from last month’s estimate. In 2017, the panel expects private investment to increase 0.8%.

Author: Teresa Kersting, Economist

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Chile Business Confidence Chart

Chile Business Confidence September 2016

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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