Chile Economic Activity September 2019


Chile: Economic activity slows in September

November 1, 2019

In September, the IMACEC economic activity index grew 3.0% on an annual basis, slowing down from August’s 3.7% jump which marked the fastest expansion since October 2018.

September’s slowdown was chiefly driven by a 1.6% contraction in the mining economy, which contrasted the 5.3% surge logged a month prior. Meanwhile, growth in the non-mining economy held steady at August’s 3.5%, supported by the construction and service sectors.

In month-on-month seasonally-adjusted terms, economic activity fell 0.6% over the previous month in September, following August’s 0.9% expansion.

On its September assessment, the Central Bank saw growth between 2.8%–3.8% in 2020 and between 3.0%–4.0% in 2021. FocusEconomics panelists project growth of 2.8% in 2020, which is down 0.1 percentage points from last month’s forecast, and 3.1% in 2021.

Author:, Economist

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Chile Economic Activity Chart

Chile Economic Activity September 2019

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

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