In December, economic activity rose 5.7% 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 the 6.2% expansion registered in November and undershot market analyst expectations of economic activity rising by 7.0%. The December increase was fuelled by growth in the retail, wholesale, transportation and communications sectors. The mining sector, in contrast, contracted owing to production disruptions in the wake of an accident in one of Chile's largest copper mines. A month-on-month comparison corroborates the deceleration suggested by the annual figures, as economic activity remained flat over the previous month in seasonally adjusted terms, after the previous month's 1.29% expansion. As a result of the December expansion, the annual average growth rate rose from 5.0% in November to 5.2% in December. Based on the preliminary monthly results, the economy expanded 5.2% in 2010, just in line with the Central Bank's estimate. For this year, the Central Bank expects economic growth to range between 5.5% and 6.5%.
Chile Economic Activity
Economic growth undershoots market expectations
February 7, 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).