Skyline in Chile

Chile Economic Activity September 2018

Chile: Economic activity loses steam in September

According to the IMACEC monthly economic activity index published by the Central Bank of Chile, economic activity rose 2.3% in annual terms in in September, down from the previous month’s 3.2% increase. The print marked the weakest reading in the past year and confirmed a marked slowdown in economic activity in the third quarter.

The overall expansion was once again led by non-mining activity, with the non-mining index up 2.5% in annual terms in September. September’s print, however, came in significantly below the August’s 4.0% year-on-year increase, largely due to a drop in manufacturing activity. Moreover, mining activity continued to contract in September, although at a weaker rate compared to the previous month (September: -2.0% yoy; August: -5.1% yoy).

In seasonally-adjusted terms, economic activity rose 0.4% month-on-month in September, bouncing back from a 0.1% contraction in August. Meanwhile, growth in annual average economic activity remained stable at August’s four-year high of 4.0% in September.

Chile GDP Forecast

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