In May, economic activity expanded 5.3% over the same month a year ago, according to the monthly indicator for economic activity (IMACEC). The reading represented an acceleration compared to the 4.8% expansion observed in April and surprised market analysts on the upside, as they had seen economic activity slowing to a 4.3% increase. The monthly acceleration was mainly driven by faster growth in commerce and other services as well as in manufacturing output. On a monthly basis, economic activity increased a seasonally adjusted 0.43% in May, which was slower than the 0.50% expansion observed in April. Annual average growth in economic activity edged down from 4.9% in April to 4.7% in May. In June, the Central Bank left its growth forecast unchanged and expects the economy to expand between 4.0% and 5.0% this year.
Chile Economic Activity
Economic activity accelerates in May
July 5, 2012
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Chile Economic Activity Chart
Note: Year-on-year and annual average growth rate in %.
Source: Chile Central Bank (BCC) and FocusEconomics calculations.
Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).