In April, economic activity expanded 6.3% 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 15.4% surge registered in March and market expectations of economic activity growing 6.9%. According to the Central Bank, the March increase mainly reflected growth in the manufacturing sector, in addition to buoyant activity in the retail and transportation sectors. A month-on-month comparison does not corroborate the strong deceleration suggested by the annual figures, as economic activity rose 0.34% over the previous month in seasonally adjusted terms, following the 0.58% increase in March. That said, the trend continues to point upwards, with annual average growth inching up from 7.2% in March to 7.3%, which represents the fastest pace since May 1998.
Chile Economic Activity
Economic activity moderates in April
June 6, 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).