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.