Industry in Chile
Chile - IndustryEconomic activity, a proxy release for GDP, points to growth of 4.0% in 2018, which if confirmed would have marked the best print in five years. After a somewhat sluggish Q3, the economy is expected to have gained speed in Q4. The manufacturing sector rebounded in December and the services sector grew solidly. That said, momentum is seen slowing in Q1. The mining economy is set to remain under pressure in the coming months, affected by fluctuating copper prices. Moreover, in January, consumer confidence lingered in negative territory. On a brighter note, businesses regained optimism in the same month, while the external sector began the year in vigorous fashion thanks to a surge in agricultural exports in anticipation of Chinese New Year celebrations.
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||4.35||-0.44 %||Feb 20|
|Exchange Rate||653.2||0.05 %||Feb 20|
|Stock Market||27,337||-0.67 %||Feb 20|
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February 8, 2019
According to the National Statistical Institute (INE), consumer prices ticked up 0.1% month-on-month in January, after edging down 0.1% in December.
February 5, 2019
According to the IMACEC index, economic activity rose 2.6% year-on-year in December, decelerating from November’s 3.1%.
February 5, 2019
Copper prices hit a one-and-a-half year low at the start of the year and recovered somewhat by the end of January.
February 4, 2019
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose to 47.0 points in January, from 44.6 points in December.
January 30, 2019
At its 30 January monetary policy meeting, the board of the Central Bank of Chile (BCCh) voted unanimously to hike the key policy rate from 2.75% to 3.00%.