Industry in Chile

Chile Industry | Economic News & Forecasts

Chile - Industry

The economy appears to have performed well in Q3, albeit softening from the outstanding domestic demand-led outturn in Q2. Average economic activity came in below the Q2 level in July and August, reflecting a more challenging external environment and worsening labor market dynamics at home. Furthermore, average business sentiment deteriorated in Q3, although September saw a notable improvement compared to August, largely due to a surge in confidence in the mining sector. In a similar vein, average third-quarter consumer confidence was slightly below the average for Q2, against the backdrop of a weakening peso which weighed on consumers’ views regarding both their current and future economic situations. Nevertheless, despite the fall, retail sales jumped to a five-month high in August, signaling sustained reliance on household consumption. On the external front, exports fell marginally in August—the first contraction in 18 months—amid sustained copper price weakness and waning regional demand for Chilean exports.

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 Yield4.93-0.44 %Oct 18
Exchange Rate676.20.05 %Oct 18
Stock Market26,108-0.67 %Oct 18

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