Chile Economic Activity

Chile

Chile: Economic activity slows in January

March 5, 2015

In January, economic activity rose 2.7% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked a deceleration from the 2.9% increase tallied in December and met market expectations. According to the Central Bank, the result mainly reflected an increase in mining, which was partly offset by a drop in wholesale trade and car sales.

On a monthly basis, economic activity rose a seasonally-adjusted 0.4% in January, which was down from the 1.1% increase posted in December. Annual average growth in economic activity inched up from 1.8% in December to 1.9% in January, thus marking the highest reading in four months.

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 January 2015

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


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