Industry in Chile
Chile - IndustryGrowth dropped notably in the third quarter, after hitting a six-year high in the second quarter, amid faltering mining activity and weak external sector metrics. Mining GDP contracted for the first time in over a year in the quarter, largely as a result of lower copper output. In turn, this weighed on Chilean exports growth, which recorded the weakest print since Q2 2017. On the domestic front, private consumption lost some traction in Q3, against the backdrop of seven-year high unemployment and intensifying inflationary pressures. On a brighter note, a buoyant construction industry and sustained investment in machinery and equipment propped up solid fixed investment growth in Q3, which ticked up to an over five-year high. Overall, the fundamentals of the economy remain healthy with sequential data signaling a robust expansion in both consumption and investment activity in the third quarter.
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||4.59||-0.44 %||Dec 11|
|Exchange Rate||683.7||0.05 %||Dec 11|
|Stock Market||25,770||-0.67 %||Dec 11|
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December 3, 2018
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez fell from 53.6 points in October to 49.0 points in November.
November 30, 2018
Copper prices remained broadly stable in November.
November 19, 2018
According to comprehensive data released by the Central Bank, the economy grew 2.8% year-on-year in the third quarter, slowing from a revised 5.4% (previously reported: +5.3% year-on-year) increase in the second quarter.
November 8, 2018
Consumer prices rose 0.4% from the previous month in October, up slightly from September’s 0.3% increase.
November 7, 2018
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose to 46.7 points in October, from 46.1 points in September, marking the first improvement after three consecutive months of deteriorating sentiment.