Skyline in Chile

Chile Economic Activity May 2018

Chile: Economic activity remains elevated in May

Economic activity rose 4.9% year-on-year in May, according to the Monthly Indicator for Economic Activity (IMACEC) published by the Central Bank of Chile. The result came in below the previous month’s multi-year high of 5.9%, but comfortably overshot analysts’ expectations of a more modest 3.0%–4.0% rise. Despite falling short of the April’s high, the print in May marked the second most robust expansion in economic activity in nearly five years and confirmed that growth momentum carried over into May.

The expansion was driven by robust non-mining activity, with the non-mining index up 6.9% in annual terms in May (April: +6.2% year-on-year) on buoyant trade and services activity. Meanwhile, mining IMACEC growth remained broadly stable from the previous month, increasing 4.7% in May (April: +4.6% yoy).

In seasonally-adjusted terms, economic activity swung from a 0.4% contraction in April to 0.7% growth in May.

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