Chile Economic Activity March 2016


Chile: Economic activity expands at slower pace in March

May 5, 2016

In March, economic activity rose 2.1% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked a deceleration over February’s 2.8% increase, which marked the fastest pace of growth in over a year. According to the Central Bank, March’s expansion mainly reflects growth in services.

On a monthly basis, economic activity in March fell 0.1% over the previous month on a seasonally-adjusted basis, which contrasted February’s 0.7% increase. Annual average growth in economic activity inched down from 1.9% in February to 1.8% in March.

Panelists participating in the LatinFocus Consensus Forecast see the economy growing 1.8% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects the economy to pick up the pace and expand 2.5%.

Author: Teresa Kersting, Economist

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Chile Economic Activity Chart

Chile Economic Activity March 2016

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

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