Economy · August 3, 2022

Business confidence in Chile July 2022

Business confidence stood at 39.0 in July, down from 42.7 in June. The July result marked the worst reading since July 2020. As a result, the index remained below the 50 point mark, signaling sustained pessimism among businesses.

The fall in July was determined by a generalized deterioration in all sub-components. Confidence in the industrial sector and in the retail trade has declined more. Currently, all four major sectors – mining, construction, industry and retail – are in pessimistic territory.

Speakers interviewed for this month’s LatinFocus report predict a 0.4% drop in fixed investment in 2022, which is down 0.4 percentage points from last month’s forecast. For 2023, they expect a decline in fixed investments of 0.8%.