Industry in Chile

Chile Industry | Economic News & Forecasts

Chile - Industry

Monthly economic activity data suggests the economy lost steam in Q1 in both year-on-year and sequential terms, as pandemic aid wound down, the impact of past pension withdrawals faded and higher inflation and interest rates dampened demand. Moreover, the mining sector was downbeat, with copper production contracting for the eighth straight month in March. Turning to Q2, a second successive quarter-on-quarter GDP contraction is expected, as surging inflation and interest rates eat into purchasing power. Moreover, downbeat business confidence in April suggests weak investment intentions. In April, Congress rejected two pension withdrawal proposals, one of which was presented by the government. This limits the risk of local capital markets becoming depleted, but also highlights President Boric’s weak parliamentary support, which will make future reforms difficult.

Chile - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-     -     -     -     -     

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Chile Industry Chart

Chile Industry
Note: Annual variation of industrial output in %.
Source: National Statistical Insitute (INE) and FocusEconomics calculations

Chile Facts

Value Change Date
Bond Yield3.14-0.44 %Dec 30
Exchange Rate752.00.05 %Jan 01

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