Industry in Chile

Chile Industry | Economic News & Forecasts

Chile - Industry

Recent data shows that annual economic growth eased in Q1, with private consumption, public spending, fixed investment and export momentum all softening. Moreover, activity contracted on a quarter-on-quarter basis. Turning to Q2, the economy shrank in month-on-month terms in April. However, this was purely due to weaker mining output, as non-mining activity expanded. In particular, consumer spending was robust—notwithstanding surging inflation and interest rates—with the reduced incidence of Covid-19 cases likely playing a role. Meanwhile, business sentiment averaged lower in April–May relative to Q1, hinting at more subdued investment. In politics, in mid-May the constituent assembly finished drafting the new constitution. The text enhances the role of the state, but should broadly safeguard Central Bank independence and private mining rights. A referendum on the document is set for 4 September.

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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