Business Confidence in Chile, November 2022

Business confidence was 41.0 in November compared to 39.0 in October. Consequently, the index remained below the 50-point threshold, signaling sustained pessimism among businesses.

November growth was driven by more optimistic sentiment in the retail and mining sectors. On the contrary, the mood in the construction and industrial sectors worsened.

Experts polled for this month’s LatinFocus report are forecasting a 1.0% drop in fixed investment in 2022, down 0.6 percentage points from last month’s forecast. For 2023, they predict a drop in investment in fixed assets by 1.6%.