In July, economic activity expanded 4.0% over the same month last year, according to the monthly indicator for economic activity (IMACEC, Indicador Mensual de Actividad Economica). The reading came in below both the 6.2% increase registered in June and market expectations, which had economic activity growing 4.2%. According to the Central Bank, the July deceleration mainly reflected a weaker manufacturing industry and a contraction in the mining sector. A month-on-month comparison corroborates the deceleration suggested by the annual figures, as economic activity dropped 0.26% over the previous month in seasonally-adjusted terms, contrasting the 0.56% increase in June. As a result, annual average growth edged down from 7.3% in June to 7.1% in July. The Central Bank expects economic growth to range between 6.0% and 7.0% this year.
Chile Economic Activity
Economic activity decelerates on the back of contracting mining sector
September 5, 2011
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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).