Business confidence in Chile slumps to six-year low
SANTIAGO, Sept 3 (Reuters) - Business confidence in Chile has slumped to its lowest level since the 2009 financial crisis, a survey showed on Thursday, as the economy of the world's top copper exporter grapples with weak levels of investment and demand.
Business confidence fell nearly 3 points to 39.66 in August, according to the IMCE monthly business confidence survey.
The survey crossed the 50 level into negative territory in early 2014, as it became clear that a slowdown was beginning to bite, but began recovering earlier this year as forecasters said the economy should bounce back.
However, in recent months business confidence has fallen again as continued weakness in key copper buyer China has weighed on Chile. Last week the central bank cut its growth forecast for 2015 to between 2.0 and 2.5 percent. (Reporting by Rosalba O'Brien; Editing by Frances Kerry)
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