In June, economic activity expanded 6.2% over the same month a year ago, according to the monthly indicator for economic activity (IMACEC). The reading represented an acceleration compared to the 5.3% expansion observed in May and exceeded market expectations of a 5.2% increase. The improvement was mainly driven by faster growth in commerce and services as well as electricity production. On a monthly basis, economic activity increased a seasonally adjusted 0.39% in June, which was virtually unchanged from the 0.43% expansion observed in May. Annual average growth in economic activity inched up from 4.7% in May to 4.8% in June. Based on monthly figures, economic activity expanded 5.4% in the second quarter of the year, which would represent a deceleration compared to the 5.6% growth rate observed in the first quarter. In June, the Central Bank left its growth forecast unchanged and expects the economy to expand between 4.0% and 5.0% this year.
Chile Economic Activity
Economic activity accelerates in June
August 7, 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).