Business Confidence in Chile increased to 42.51 points in August from 37.80 points in July of 2020.
Business Confidence in Chile averaged 52.03 points from 2003 until 2020, reaching an all time high of 64.43 points in February of 2005 and a record low of 31.74 points in April of 2020. This page provides - Chile Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Business Confidence - values, historical data and charts - was last updated on September of 2020. source: Instituto Chileno de Administración Racional de Empresas
Business Confidence in Chile is expected to be 38.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Chile to stand at 45.00 in 12 months time. In the long-term, the Chile Business Confidence is projected to trend around 47.00 points in 2021 and 51.00 points in 2022, according to our econometric models.
Chile Business Confidence
In Chile, the business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) is based on a survey of about 600 business executives from manufacturing, mining, construction and trade industries. The index measures the level of optimism that executives have about current and expected developments regarding production, demand, inventories, utilization capacity, selling prices, salaries, employment, supply costs and investments. The IMCE also assesses the level of optimism regarding the global performance of the economy and the general business environment. The IMCE is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism.