Chile Economic Activity


Chile: Economic activity slows in May

July 6, 2015

In May, economic activity rose 0.8% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure came in below the 1.7% expansion tallied in April and undershot market expectations of a 1.6% expansion. According to the Central Bank, May’s expansion reflected that an increase in services more than compensated for contractions in manufacturing, mining and wholesale trade.

On a monthly basis, economic activity in May recorded flat growth on a seasonally-adjusted basis, matching April’s reading. Annual average growth in economic activity moderated from April’s 1.8% to 1.6% in May.

LatinFocus Consensus Forecast panelists see the economy growing 2.8% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects the economy to pick up the pace and expand 3.5%.

Author: Teresa Kersting, Economist

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Chile Economic Activity Chart

Chile Economic Activity May 2015

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

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