Business Confidence in Chile decreased to 32.53 points in December from 36.58 points in November of 2019. Business Confidence in Chile averaged 52.59 points from 2003 until 2019, reaching an all time high of 64.43 points in February of 2005 and a record low of 32.53 points in December of 2019. source: Instituto Chileno de Administración Racional de Empresas
Business Confidence in Chile is expected to be 37.00 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 46.00 in 12 months time. In the long-term, the Chile Business Confidence is projected to trend around 51.00 points in 2020, 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.