In September, economic activity rose 6.5% 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 7.6% expansion registered in August, but slightly exceeded market expectations, which had anticipated economic activity would rise 6.4%. The September increase was fuelled by growth in retail, wholesale, transportation and communications sectors. Based on the preliminary monthly data, the economy expanded a solid 7.1% in the third quarter, above the 6.5% expansion recorded in the second quarter. A month-on-month comparison corroborates the expansion suggested by the annual figures, as economic activity rose 0.36% over the previous month in seasonally adjusted terms, which contrasted the previous month's 0.20% fall. As a result of the robust September expansion, the annual average growth rate rose from 3.7% in August to 4.3% in September. The Central Bank expects economic growth to range between 5.0% and 5.5% this year and between 5.5% and 6.5% for 2011. Consensus Forecast panellists broadly share this view and see economic activity growing 5.3% this year, which is unchanged from last month's forecast. For 2011, the panel sees economic growth reaching 6.0%.
Chile Economic Activity
Economic activity expands at robust pace in September
November 5, 2010
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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).