Chile's industrial production dropped 5.7 percent year-on-year in May 2020, following a 3.8 percent fall in the previous month. It was the biggest decline in industrial output since March 2017, amid the coronavirus crisis. Manufacturing production shrank 13.3 percent, faster than a 5.9 percent drop in April. On the other hand, utilities output fell less (-3.2 percent vs -7.4 percent) while mining activity recovered (2.1 percent vs -0.5 percent). On a monthly basis, industrial production went up 0.1 percent, rebounding from a 3.2 percent drop in the prior month.
Industrial Production in Chile averaged 1.77 percent from 1997 until 2020, 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. Chile Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Institute of Statistics, Chile
Industrial Production in Chile is expected to be -5.00 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 1.50 in 12 months time. In the long-term, the Chile Industrial Production is projected to trend around 2.70 percent in 2021 and 3.50 percent in 2022, according to our econometric models.