Chile Economic Activity


Chile: Economic activity decelerates marginally in July

September 7, 2015

In July, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure came slightly below the 2.6% increase tallied in June but beat market expectations of a 1.7% expansion. According to the Central Bank, July’s print reflected that increases in manufacturing and services more than compensated for a drop in mining.

On a monthly basis, economic activity in July grew 0.1% on a seasonally-adjusted basis, which was below June’s 0.8% rise. Nevertheless, annual average growth in economic activity edged up from June’s 1.8% to 2.0% in July.

LatinFocus Consensus Forecast panelists see the economy growing 2.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects the economy to pick up the pace and expand 3.2%.

Author: Teresa Kersting, Economist

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Chile Economic Activity Chart

Chile Economic Activity July 2015

Note: Year-on-year changes and annual average growth rate in %.
Source: Chile Central Bank (BCC) and FocusEconomics calculations.

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