Chile: Business confidence tumbles in March
Latest reading: Business confidence fell to 46.0 in March from 51.5 in February. As a result the index moved below the 50-point threshold, signaling that businesses were pessimistic. The index could have been weighed on by the rise in global trade tensions plus an increase in employer pension contributions outlined in the pension reform recently signed into law by the president.
Looking at subsectors, March’s reading was driven by worse sentiment in the mining, retail, industrial and construction sectors.