Chile Economic Activity

Chile

Chile: Growth in economic activity inches up in April

June 5, 2015

In April, economic activity rose 1.7% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure was slightly above the 1.6% expansion tallied in March but came in below market expectations of a 2.2% expansion. According to the Central Bank, the result mainly reflected an increase in services, which was partly offset by a drop in wholesale trade.

On a monthly basis, economic activity in April recorded flat growth on a seasonally-adjusted basis, which came in above the 0.5% decrease posted in the previous month. Annual average growth in economic activity in April remained unchanged at March’s 1.8%.

LatinFocus Consensus Forecast panelists see the economy growing 2.9% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects the economy to pick up the pace and expand 3.6%.


Author: Teresa Kersting, Economist

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Chile Economic Activity Chart


Chile Economic Activity April 2015

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


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