In January, economic activity rose 6.8% 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 5.7% expansion registered in December and overshot market expectations of economic activity rising by 6.0%. The January increase was fuelled by a strong commerce sector. In addition, January this year counted one working day more than in the same month last year, which contributed to the to the strong result. A month-on-month comparison corroborates the acceleration suggested by the annual figures, as economic activity jumped 1.3% over the previous month in seasonally adjusted terms, after a flat reading in December. As a result of the strong January expansion, the trend continues to point upwards, with annual average growth rate rising from 5.2% in December to 5.4% in January, which marks the fastest pace since March 2006. For this year, the Central Bank expects economic growth to range between 5.5% and 6.5%.
Chile Economic Activity
Economic growth accelerates in January
March 7, 2011
Looking for forecasts related to Economic Activity in Chile? Download a sample report now.
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).