In November, economic activity expanded 5.5% over the same month a year ago, according to the monthly indicator for economic activity (IMACEC). The reading represented a deceleration compared to the 6.7% expansion observed in October, but, nonetheless, exceeded market expectations of a 5.2% increase. The monthly reading was driven by growth in services, mining as well as in commerce, according to the Central Bank. That said, November had one fewer working day than the same month the previous year. On a monthly basis, however, economic activity expanded a seasonally adjusted 1.31% in November, which contrasted the 0.75% contraction observed in October. Annual average growth in economic activity rose to 5.8% in November from 5.6% in October.
Chile Economic Activity
Economic activity remains strong
January 7, 2013
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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).