Chile: Business confidence ticks up in April but remains pessimistic
Latest reading: Business confidence ticked up to 46.1 in April from 46.0 in March. As a result the index remained below the 50-point threshold, signaling that businesses were pessimistic. The index likely continued to be weighed on by global trade tensions plus an increase in employer pension contributions outlined in the recent pension reform.
Looking at subsectors, the construction and industrial sectors were in pessimistic terrain in April, with mining and retail in optimistic territory.