Chile: Business Confidence Rises

Chile´s business confidence rose in July to the highest level in five months after miners reported a rise in production, a survey of over 500 companies published by the central bank showed. The monthly indicator rose 1.96 points to 61.66 from 59.71 in June and from 57.55 in July 2004. The indicator among miners rose to 82.88 from 65.62 in June, the highest level since the survey began in November 2003. Copper prices are near record levels, thanks largely to increased demand from China.