Chile: Business confidence increases in February
Latest reading: Business confidence came in at 51.5 in February, up from January’s 46.5. February’s result marked the strongest sentiment since January 2022. Moreover, the index moved above the 50-point threshold, signaling that businesses were optimistic. The index was likely boosted by encouraging recent economic activity readings, interest rate cuts, expectations of prudent fiscal policy, and the notable rise in copper prices so far this year.
Looking at subsectors, February’s reading was largely driven by more optimistic sentiment in the volatile mining sector, as well as smaller improvements in the retail, industrial and construction sectors.