In September, economic activity expanded 4.6% over the same month a year ago, according to the monthly indicator for economic activity (IMACEC). The reading represented a deceleration compared to the 6.2% expansion observed in August, but was above market expectations of a 3.2% increase. The monthly reading was driven by firm growth in services as well as in mining and, according to the Central Bank, the figure reflected the fact that September 2012 had four less working days than the same month last year. On a monthly basis, economic activity increased a seasonally adjusted 0.98% in September, which was above the 0.26% expansion observed in August. Annual average growth in economic activity remained unchanged at August's 5.2%. Based on monthly data, GDP grew 5.4% in the third quarter, virtually unchanged from the 5.5% expansion registered in the second quarter. More detailed and complete quarterly data will be published on 19 November.
Chile Economic Activity
Economic activity slows on seasonal factors
November 5, 2012
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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).