Industry in Chile

Chile Industry | Economic News & Forecasts

Chile - Industry

President Sebastian Piñera replaced his cabinet and delivered a handful of fiscal measures in an attempt to quell the widespread protests that erupted on 14 October and have paralyzed the country since. These measures, which will likely push next year’s deficit above the projected 2.0% of GDP, include higher minimum pensions, minimum wage guarantees, subsidies for electricity and tax hikes for high earners. Although Piñera stopped short of backtracking on his economic agenda, analysts estimate that the chance of Congress approving his costly tax reform has declined substantially. Irrespective, the protests are expected to have bruised economic activity at the fourth quarter’s outset, following an apparent pick-up in growth in the third quarter, fueled by recovering mining output and buoyant activity in the construction and service sectors. Heightened domestic uncertainty likely weighed on business sentiment in October, which, coupled with already high external risks, is expected to weigh on the economy in the final stretch of the year.

Chile - Industry Data

2013  2014  2015  2016  2017  
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

Bond Yield2.57-0.44 %Sep 04
Exchange Rate722.80.05 %Sep 04
Stock Market24,044-0.67 %Sep 04

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