Chile Business Confidence January 2020


Chile: Business sentiment rises in January

February 3, 2020

The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, rose to 40.7 points in January from 32.5 points in December. Nevertheless, the index remained below the crucial 50-point threshold that separates pessimism from optimism among Chilean businesses.

In January, confidence in the mining sector rebounded markedly from a month prior, likely thanks to easing U.S.–China trade tensions, and was the only subcomponent of the index which reported optimism. Although sentiment in the commerce and industrial sector improved somewhat, both remained stuck in pessimistic territory. Moreover, sentiment in the construction sector turned more pessimistic in January.

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%.

Author:, Economist

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Chile Business Confidence Chart

Chile Business Confidence January 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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