Industry in Chile
Chile - IndustrySecond-quarter growth appears to have sustained the momentum from the exceptional outturn at the beginning of the year. Economic activity rose at an impressive rate throughout the quarter, with average growth comfortably above the levels seen in the past half-decade. Consumer confidence remained in positive territory during the second quarter. Moreover, retail sales rebounded in May and remained elevated in June, pointing to solid household spending in the quarter. Business sentiment, meanwhile, remained upbeat throughout the quarter, suggesting expansionary conditions were sustained amid the improving health of the manufacturing industry. On the other hand, despite remaining sturdy overall, export growth decelerated from the previous quarter in Q2, owing to mounting trade war-related uncertainties and a drop in copper prices in the second half of the quarter. Meanwhile, both consumer and business sentiment inched down in July, signaling a potential cooldown in economic activity at the beginning of Q3.
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||4.77||-0.44 %||Aug 14|
|Exchange Rate||667.7||0.05 %||Aug 15|
|Stock Market||26,646||-0.67 %||Aug 14|
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August 8, 2018
Consumer prices rose 0.4% from the previous month in July, up from June’s 0.1% increase.
August 6, 2018
Economic activity rose 4.9% year-on-year in June, according to the Monthly Indicator for Economic Activity (IMACEC) published by the Central Bank of Chile.
August 3, 2018
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) plummeted from a year-to-date high of 52.7 points in June to 50.0 points in July.
August 3, 2018
Copper prices continued to fall in the first half of July, but then regained some lost ground in the last week of the month.
August 1, 2018
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez fell from June’s 55.1 points to 52.2 in July, marking the lowest reading this year so far.