Chile Economic Activity May 2019

Chile

Chile: Economic activity inches up in May

July 5, 2019

In May, the IMACEC index gathered momentum for a third consecutive month. Economic activity rose 2.3% year-on-year in May, accelerating from April’s 2.1% result.

The print chiefly reflected a jump in non-mining economic activity, which accelerated to 2.8% in May from 2.1% a month prior. In contrast, activity in the mining economy contracted 2.3% after increasing 1.9% in April.

In seasonally-adjusted terms, economic activity rose 0.2% month-on-month in May, edging down from April’s 0.3% increase.

The Central Bank sees growth at between 3.0%–4.0% in both 2019 and 2020. FocusEconomics panelists project growth of 3.0% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.1% in 2020.


Author:, Economist

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Chile Economic Activity Chart


Chile Economic Activity May 2019

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


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