Chile Economic Activity

Chile

Chile: Economic activity gains speed in September

November 5, 2015

In September, economic activity rose 2.6% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure exceeded the 1.1% increase tallied in August and marked the largest gain in eight months. According to the Central Bank, September’s acceleration mainly came on the back of growth in services and in manufacturing.

On a monthly basis, economic activity in September rose 1.1% on a seasonally-adjusted basis, which contrasted August’s 1.0% contraction. Annual average growth in economic activity ticked up from August’s 2.0% to 2.1% in September.

Panelists participating in the LatinFocus Consensus Forecast see the economy growing 2.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects the economy to pick up the pace and expand 2.6%, which is unchanged from last month’s Consensus.


Author: Teresa Kersting, Economist

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Chile Economic Activity Chart


Chile Economic Activity September 2015

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


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