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Chile Economic Activity January 2022

Chile: Economic activity records lowest growth since March 2021 in January

Economic activity expanded 9.0% year-on-year in January (December: +10.1% yoy). The figure marked the worst reading since March 2021. January’s weakening was partly driven by a deterioration in the mining sector. In addition, the non-mining sector weakened.

On a monthly basis, economic activity fell 1.0% in seasonally-adjusted terms in January, which was greater than December’s 0.4% fall. Meanwhile, annual average economic activity growth rose to 13.0% in January (December: +12.0%), pointing to an improving trend.

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