Chile Business Confidence April 2016

Chile

Chile: Businesses slightly less pessimistic in April

May 5, 2016

The mood among Chilean businesses improved slightly in April. The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez, rose from March’s 42.8 points to 43.3 points in April. Nevertheless, the index remains below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.

April’s moderate improvement was driven by stronger sentiment in the mining sector, which returned to optimistic territory and reached a three-month high. Conversely, sentiment in the trade, construction, and industry sectors fell. Notably, the mood among construction companies decreased to the lowest level since August 2014.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.6% in 2016, which is unchanged from last month’s estimate. In 2017, the panel expects private investment to increase 2.2%.


Author: Teresa Kersting, Economist

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Chile Business Confidence April 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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