In January, economic activity rose 1.4% over the same month last year according to the monthly indicator for economic activity (IMACEC). January's print marked the lowest growth rate since March 2010.The figure was a deterioration over the 2.6% rise recorded in December and undershot the 1.9% rise the markets had expected. According to the Central Bank, the result mainly reflects a deceleration in mining and in manufacturing. On a monthly basis, economic activity fell 0.55%, which contrasted the 0.74% expansion recorded in December. Annual average growth in economic activity fell from 4.0% in December to 3.6% in January. The Central Bank expects the economy to grow within a range of 3.75% to 4.75% in 2014. LatinFocus Consensus Forecast panelists see the economy growing 4.1% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, the panel expects the economy to expand 4.4%.
Chile Economic Activity
Economic activity expands at slowest pace in nearly four years
May 3, 2014
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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).