Business Confidence in Chile increased to 40.67 points in January from 32.53 points in December of 2019. Chile Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Chile averaged 52.52 points from 2003 until 2020, 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. This page provides - Chile Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. 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 2021, according to our econometric models.

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Chile Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
40.67 32.53 64.43 32.53 2003 - 2020 points Monthly

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.