Chile GDP


Chile: Economic activity slows in April

June 5, 2014

In April, economic activity rose 2.3% over the same month last year according to the monthly indicator for economic activity (IMACEC). April’s print marked a slowdown compared to the 3.0% increase tallied in March. The figure just barely undershot market expectations of the index growing 2.4%. According to the Central Bank, the result mainly reflects an increase in mining.

On a monthly basis, economic activity was virtually unchanged, which contrasted the 0.38% decrease observed in March (previously reported: -0.17% month-on-month). Annual average growth in economic activity inched down from 3.5% in March to 3.4% in April, the lowest rate since June 2010.

The Central Bank expects the economy to grow within a range of 3.0% to 4.0% in 2014. LatinFocus Consensus Forecast panelists see the economy growing 3.4% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects the economy to expand 4.2%.

Author:, Senior Economist

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Chile GDP Chart

Chile Economic Activity April 2014 0

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

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