In December, economic activity expanded 4.7% over the same month the previous year, according to the monthly indicator for economic activity (IMACEC). The reading represented a deceleration compared to the 5.5% expansion observed in November, but, nonetheless, exceeded market expectations of a 3.7% increase. The monthly figure was driven by growth in commerce and services, according to the Central Bank. In addition, the reading benefited from an extra working day compared to the same month the previous year. On a monthly basis, economic activity expanded a seasonally adjusted 1.20% in December, which followed the 1.34% increase observed in November. Annual average growth in economic activity eased from 5.8% in November to 5.6% in December. Based on monthly data, the economy expanded 5.6% in the last quarter of 2012, virtually unchanged from the 5.7% expansion recorded in the previous quarter. Detailed GDP figures for the fourth quarter will be released on 18 March.
Chile Economic Activity
Economic activity remains strong
February 5, 2013
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Chile Economic Activity Chart
Note: Year-on-year and annual average growth rate in %.
Source: Chile Central Bank (BCC) and FocusEconomics calculations.
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
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).
October 5, 2016
The Chilean government presented the most austere budget proposal in over a decade on 30 September.