Chile Business Confidence January 2019

Chile

Chile: Business turn optimistic in January

January 29, 2019

The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez inched up from 48.8 points in December to 50.7 in January, marginally above the crucial 50-point threshold that separates optimism from pessimism among business. The improvement was underpinned by better performances in three out of the four sectors included in the index.

The improvement benefited from a stronger confidence in the commercial sector, where sentiment grew more optimistic amid improved business environment and prospects of greater sales. Moreover, sentiment in the construction and industry sectors improved from a month earlier, although both remained in pessimistic territory and now sit just below the 50-point threshold. On the other hand, confidence in mining deteriorated to a 10-month low, despite staying in positive territory.

Panelists surveyed for this month’s LatinFocus report forecast fixed investment to expand 5.3% in 2019, which is up 0.1 percentage points from last month’s forecast, and 4.3% in 2020, unchanged from last month’s estimate.


Author:, Economist

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Chile Business Confidence January 2019 0

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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