Chile GDP Growth Slows in Q4
The Chilean economy advanced 1.3 percent year-on-year in the fourth quarter of 2015, slowing from a 2.2 percent growth rate in the previous period and lower than market expectations of a 1.6 percent increase. It is the lowest performance since the 2009 recession as investment and exports shrank and consumption slowed.
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Consumption went up 1.8 percent, compared to a 2.5 percent rise in the previous period: household spending grew 1.1 percent, slowing from a 1.3 percent gain in the previous period and government consumption growth eased to 4.9 percent from 7.8 percent. Gross fixed capital formation shrank 1.3 percent, following a 4.3 percent rise in the third quarter and inventories declined 0.4 percent, the same as in the previous period. Exports went down 0.9 percent (-1.4 percent in Q3) and imports contracted 1.8 percent (1.7 percent in Q3).
On a quarterly basis, the GDP expanded 0.1 percent, lower than a downwardly revised 0.3 percent increase in the previous period.
Considering full 2015, the economy expanded 2.1 percent, slightly up from 1.9 percent in 2014.