Chile Economic Activity

Chile

Chile: Economic activity slows in February

April 6, 2015

In February, economic activity rose 2.0% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked a deceleration from the 3.0% increase tallied in January and met market expectations. According to the Central Bank, the result mainly reflected an increase in retail trade and services, which was partly offset by a drop in mining activity.

On a monthly basis, economic activity fell a seasonally-adjusted 0.6% in February, which contrasted the 0.8% increase posted in the previous month. Annual average growth in economic activity inched down from 2.0% in January to 1.9% in February.

LatinFocus Consensus Forecast panelists see the economy growing 2.0% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects the economy to pick up the pace and expand 3.2%.


Author:, Senior Economist

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Chile Economic Activity Chart


Chile Economic Activity February 2015

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


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