Chile Business Confidence February 2020

Chile

Chile: Business sentiment rises in February

March 2, 2020

The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, rose to 43.9 points in February from 40.7 points in January. Nevertheless, the index remained below the crucial 50-point threshold that separates pessimism from optimism among Chilean businesses.

In February, sentiment in the construction and industrial sectors grew less gloomy, while confidence in the commerce sector remained negative and broadly unchanged from January. Meanwhile, optimism in the mining sector was stable from a month prior, despite lower copper prices.

Panelists surveyed for this month’s LatinFocus report project fixed investment to fall 1.4% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, they project it to grow 2.2%.


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Chile Business Confidence February 20 20

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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