In February, economic activity expanded 6.1% over the same month last year, according to the monthly indicator for economic activity (IMACEC, Indicador Mensual de Actividad Economica). The reading came in above the 5.5% increase registered in January but fell short of market expectations, which had economic activity expanding to 6.3%. According to the Central Bank, the February reading benefited from an extra working day and was driven by strong growth in commerce, manufacturing and mining. Meanwhile, economic activity expanded 0.13% over the previous month in seasonally adjusted terms, which contrasted the 0.92% drop witnessed in January. In spite of the monthly improvement, annual average growth inched down from 5.8% in January to 5.7% in February. The Central Bank expects the economy to expand between 4.0% and 5.0% this year.
Chile Economic Activity
Economic activity undershoots market expectations
April 5, 2012
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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).