Chile Business Confidence December 2021

Chile

Chile: Business confidence tumbles in December

January 3, 2022

Business confidence fell to 46.5 in December from November's 49.0. December's result marked the weakest sentiment since August 2020, and was potentially driven by leftist Gabriel Boric’s victory in the presidential elections. As a result, the index remained below the 50-point threshold, indicating sustained pessimism among businesses.

December's reading was driven by a weakening in sentiment in the construction, industrial and retail sectors, while sentiment in the mining sector was unchanged.

Panelists surveyed for this month’s LatinFocus report project fixed investment to increase 3.3% in 2022, which is up 0.6 percentage points from last month’s forecast. For 2023, they project it to grow 2.3%.


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Chile Business Confidence December 2021

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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