In June, economic activity expanded 6.1% 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 the 7.3% increase registered in May but beat market expectations, which had economic activity growing 5.7%. According to the Central Bank, the June increase mainly reflected strong growth in the manufacturing and retail sectors. A month-on-month comparison does not corroborate the deceleration suggested by the annual figures, as economic activity rose 0.66% over the previous month in seasonally-adjusted terms, above the 0.43% increase in May. In spite of the expansion in June, annual average growth remained unchanged at May's 7.2%. The Central Bank expects economic growth to range between 6.0% and 7.0% this year.
Chile Economic Activity
Economic activity eases but beats forecasts in June
August 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).