In March, economic activity surged 15.2% over the same month last year, the fastest pace in almost two decades, according to the monthly indicator for economic activity (IMACEC, Indicador Mensual de Actividad Economica). The reading came in above the 7.2% expansion registered in February but broadly matched market expectations of economic activity growing 15.0%. The March increase was mainly due to a low base of comparison, as activity had dropped 2.0% in March 2010, following the 27 February 2010 earthquake. However, a month-on-month comparison does not corroborate the acceleration suggested by the annual figures, as economic activity rose just 0.3% over the previous month in seasonally adjusted terms, following a similar 0.4% increase in February. That said, the trend continues to point upwards, with annual average growth jumping from 5.6% in February to 7.1%, which marks the fastest pace since May 1998. Based on the monthly data, economic activity expanded 9.8% in the first quarter, which came in well above the 5.8% expansion observed in the final quarter of 2010. On 5 May, Finance Minister Felipe Larrain stated that the country is on ?a robust growth trend?, with GDP likely to expand more than 6% this year. The Central Bank expects economic growth to range between 5.5% and 6.5% this year.
Chile Economic Activity
Economic activity soars in March, reflecting last year?s earthquake
May 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).