To make matters worse, the price of fuel does not stop its rise and it affects production costs. And just in today, it could cause an increase in the price of fuel. It would be the largest increase in fuel prices since 2001. Yesterday there were 120,000 trucks stranded on the sides of Chilean roads in protest at the increase in fuel prices that has been occurring in recent times. The Chilean government had injected U.S. $ 1,000 million for a Stabilization Fund of fuels, something that has not finished to convince truckers. Employers are pessimistic and rightly so, since they are facing an inflationary context with a Central Bank which suggests an increase in its benchmark rates which would adversely affect domestic demand.
And to make matters worse, the energy problems being experienced by Chile have worsened in recent days by the cancellation of gas shipments from Argentina. That's why business confidence is at a historical low. In fact, according to monthly Business Confidence Indicator (IMCE), the prospects for trade, construction, and mining industry fell to 53.4 points in May, the lowest for that month on record. Logically, the sector is the sector worst industry for which the indicator showed a value IMCE 47.2. However, despite the pessimism of entrepreneurs in general, one can still find companies with good growth prospects, as is the case of Empresa Nacional de Electricidad SA (NYSE: EOC). Endesa SA, reached during the first quarter of this year, a profit of $ 77.649 million (about U.S.
And to make matters worse, the energy problems being experienced by Chile have worsened in recent days by the cancellation of gas shipments from Argentina. That's why business confidence is at a historical low. In fact, according to monthly Business Confidence Indicator (IMCE), the prospects for trade, construction, and mining industry fell to 53.4 points in May, the lowest for that month on record. Logically, the sector is the sector worst industry for which the indicator showed a value IMCE 47.2. However, despite the pessimism of entrepreneurs in general, one can still find companies with good growth prospects, as is the case of Empresa Nacional de Electricidad SA (NYSE: EOC). Endesa SA, reached during the first quarter of this year, a profit of $ 77.649 million (about U.S.