Chile Economic Activity December 2019


Chile: Economic activity recovers in December

February 3, 2020

In December, the IMACEC economic activity index grew 1.1% on an annual basis, rebounding from November’s 3.3% contraction and beating analysts’ expectations.

December’s bounce reflected a 3.7% expansion in the mining economy, contrasting a 5.1% dive in November. In addition, the non-mining economy grew 0.8%, rebounding from a 3.1% fall a month prior on the back of upbeat construction and manufacturing activity.

In month-on-month seasonally-adjusted terms, economic activity rose 3.5% over the previous month in December, up from November’s 1.0% expansion.

On its December assessment, the Central Bank saw growth between 0.5%–1.5% in 2020 and between 2.5%–3.5% in 2021. FocusEconomics panelists project growth of 1.7% in 2020, which is unchanged from last month’s forecast, and 2.5% in 2021.

Author:, Economist

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Chile Economic Activity Chart

Chile Economic Activity December 2019

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

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