Chile's industrial production declined 4.8 percent over a year earlier in August 2020, following an upwardly revised 3.4 percent drop in the previous month. It was the fifth consecutive decrease in industrial output amid the coronavirus crisis. Manufacturing production went down 8.2 percent, faster than a 7.5 percent decrease in July; and mining output dropped 2 percent, after rising 1.3 percent. On the other hand, utilities output fell 2 percent, less than a 4.7 percent decline in the prior month. On a seasonally adjusted monthly basis, industrial production was flat, following a downwardly revised 0.5 percent gain in July. source: National Institute of Statistics, Chile
Industrial Production in Chile averaged 1.71 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 October of 2020.
Industrial Production in Chile is expected to be -3.90 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 1.70 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.