Skyline in Chile

Chile Economic Activity May 2021

Chile: Economic activity grows at record pace in May on low base effect

Economic activity rose 18.1% in year-on-year terms in May, which followed April’s 14.0% increase. May’s print marked the strongest expansion on record and was flattered by a low base effect. Looking at the details of the release, the mining sector contracted in May, while the non-mining sector gained steam.

On a seasonally-adjusted monthly basis, economic activity rebounded strongly, rising 2.6% in May (April: -1.4% mom), the best result since September 2020. Meanwhile, the trend improved significantly, with the annual average variation of economic activity coming in at minus 0.9% in May, up from April’s minus 3.6%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest