Chile Economic Activity


Chile: Economic activity slows in October

December 7, 2015

In October, economic activity rose 1.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure fell short of the 2.7% increase tallied in September. According to the Central Bank, October’s deceleration mainly came on the back of a slowdown in manufacturing and mining. Conversely, services picked up in October.

On a monthly basis, economic activity in October was unchanged on a seasonally-adjusted basis, which came in below September’s 1.1% rise. Annual average growth in economic activity remained at September’s 2.1%.

Panelists participating in the LatinFocus Consensus Forecast see the economy growing 2.1% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects the economy to pick up the pace and expand 2.5%, which is down 0.1 percentage points from last month’s Consensus.

Author: Teresa Kersting, Economist

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Chile Economic Activity Chart

Chile Economic Activity October 2015

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

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