Chile Economic Activity April 2019

Chile

Chile: Economic activity speeds up in April

June 5, 2019

In April, the IMACEC index gathered momentum for a second consecutive month, after February recorded the weakest expansion in almost two years. Economic activity rose 2.1% year-on-year in April, accelerating from March’s 1.8% result.

The print chiefly reflected a rebound in the mining economy, which expanded 1.9% after contracting a revised 0.9% a month prior (previously reported: -2.1% year-on-year). Meanwhile, growth in the non-mining economy came at 2.1% in April, matching March’s revised result (previously reported: +2.3% yoy).

In seasonally-adjusted terms, economic activity rose 0.3% month-on-month in April, down from March’s 0.6% increase.

The Central Bank sees growth at between 3.0%–4.0% in both 2019 and 2020. FocusEconomics panelists project growth of 3.2% in 2019, which is unchanged from last month’s forecast, and 3.2% again in 2020.


Author:, Economist

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Chile Economic Activity Chart


Chile Economic Activity April 2019

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


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