Industry in Chile
Chile - IndustryIncoming data points to a lukewarm second quarter, after growth slumped to a two-year low in the first quarter. Although economic activity improved in April–May, on modest gains in mining, June’s print is likely to have disappointed owing to a second consecutive monthly fall in copper output and the sharpest drop in manufacturing production in over two years. Moreover, a slump in merchandise exports in June led to a sharper average quarterly fall, hinting that the external sector detracted from overall growth. Expenditure-side data does not look encouraging either. In Q2, the unemployment rate inched up and average consumer sentiment fell to its lowest point in two years, suggesting lackluster household spending. Meanwhile, waning business optimism and a contraction in capital goods imports signal that capital investment likely softened.
Chile - Industry Data
|Industrial Production (annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Chile Industry Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||2.88||-0.44 %||Jul 31|
|Exchange Rate||703.6||0.05 %||Jul 31|
|Stock Market||25,281||-0.67 %||Jul 31|
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August 19, 2019
The economy grew 1.9% year-on-year in the second quarter, slightly above the previous quarter’s 1.6% outturn, which had marked the slowest expansion since Q2 2017.
August 8, 2019
Consumer prices rose 0.2% month-on-month in July, after a neutral print in June.
August 5, 2019
The Adimark GfK consumer confidence index rose to 40.3 points in July, from 37.8 points in June which had marked the lowest print since March 2017.
August 5, 2019
In June, the IMACEC economic activity index rose 1.3% year-on-year, decelerating from May’s 2.3% result.
August 1, 2019
The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, slightly improved in July, landing at 50.4 points (June: 50.2 points), marginally above the crucial 50-point threshold that separates optimism from pessimism among Chilean businesses.