Chile's industrial production rose 3.2 percent from a year earlier in December 2019, after declining 1.8 percent on the previous month. It was the largest increase in industrial output since June 2018, as production rebounded for mining & quarrying (2.8 percent from -7.1 percent in November), namely metals (+2.4 percent) and copper extraction & processing (+1.6 percent); and manufacturing (4.2 percent from 3.2 percent), in particular chemicals (+15.3 percent). Meanwhile, utilities output growth remained steady (at 0.2 percent). On a seasonally adjusted monthly basis, industrial output grew 2.6 percent, following an upwardly revised 3.7 percent gain in November. Considering full 2019, industrial production shrank 0.4 percent, compared to a 0.7 percent increase in 2018, amid violent domestic unrest that affected the country since mid-October 2019 after the announcement of a hike in public transport prices.
Industrial Production in Chile averaged 1.79 percent from 1997 until 2019, reaching an all time high of 14.05 percent in May of 2000 and a record low of -11.50 percent in February of 2009. This page provides - Chile Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics, Chile
Industrial Production in Chile is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Chile to stand at 3.40 in 12 months time. In the long-term, the Chile Industrial Production is projected to trend around 3.60 percent in 2021 and 3.80 percent in 2022, according to our econometric models.