Chile Economic Activity December 2017


Chile: Economic activity expands at a solid pace in December

February 5, 2018

Economic activity rose 2.6% in December on an annual basis according to the Monthly Indicator for Economic Activity (IMACEC) published by Chile’s Central Bank, down from 3.2% in November but overshooting analysts’ expectations for the second straight month.

Growth was underpinned by a solid showing from the mining sector, which expanded 3.8% year-on-year. The non-mining sector also grew at a robust pace thanks to expansions in the services and trade sectors. Economic activity rose 0.3% in December from a month earlier in seasonally adjusted terms, down from November’s 0.7% uptick.

The Central Bank sees GDP expanding between 2.5% and 3.5% in 2018. Panelists participating in the LatinFocus Consensus Forecast see the economy growing 2.9% in both 2018 and 2019.

Author:, Economist

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Chile Economic Activity Chart

Chile Economic Activity December 2017

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

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