In March, economic activity expanded 5.2% 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 6.1% increase registered in February but exceeded market expectations, which had economic activity expanding to 4.0%. According to the Central Bank, the March reading was driven by strong growth in commerce, energy supply as well as in services. Meanwhile, economic activity expanded 0.87% over the previous month in seasonally adjusted terms, faster than the 0.29% increase witnessed in February. In spite of the monthly improvement, annual average growth fell from 5.7% in February to 5.0% in March. Based on monthly figures, economic activity expanded 5.6% in the first quarter of the year, which would represent an acceleration compared to the 4.5% growth rate observed in the fourth quarter.
Chile Economic Activity
Economic activity beats expectations
May 8, 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).