In October, economic activity expanded 6.7% over the same month a year ago, the strongest expansion since December 2010, according to the monthly indicator for economic activity (IMACEC). The reading represented an acceleration compared to the revised 4.9% expansion observed in September (previously reported: +4.6% year-on-year) and exceeded market expectations of a 6.2% increase. The monthly reading was driven by firm growth in manufacturing as well as in commerce, according to the Central Bank. In addition, the figure enjoyed three extra working days than the same month last year. On a monthly basis, however, economic activity fell a seasonally adjusted 0.46% in October, which contrasted the 0.66% expansion observed in September. Annual average growth in economic activity rose to 5.6% from 5.3% in September.
Chile Economic Activity
Economic activity beats market expectations
December 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).