In August, economic activity expanded 4.6% 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 4.0% increase registered in July but below market expectations, which had economic activity growing 4.7%. According to the Central Bank, the August acceleration mainly reflected stronger commerce activity, which more than offset a deterioration in the mining sector. A month-on-month comparison showed economic activity virtually unchanged, expanding a subdued 0.02% over the previous month in seasonally adjusted terms, which contrasted the 0.28% drop in July. Annual average growth inched down from 7.1% in July to 6.9% in August. The Central Bank expects economic growth to range between 6.25% and 6.75% this year, and to moderate from 4.25% to 5.25% in 2012.
Chile Economic Activity
Economic activity accelerates in August
October 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
The Chilean government presented the most austere budget proposal in over a decade on 30 September.
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.