Chile’s IMACEC economic activity index shrank 11.3 percent over a year earlier in August of 2020, following a 10.7 percent contraction in the previous month and compared with market expectations of an 8.5 percent drop, amid the coronavirus crisis. The non-mining sector plunged 12.2 percent, faster than a 12 percent decline in July, mainly due to services, construction and manufacturing. Additionally, the mining sector contracted 3.4 percent, after expanding 1.4 percent in the prior month. On a seasonally adjusted monthly basis, economic activity in Chile grew 2.8 percent. source: Central Bank of Chile
Leading Economic Index in Chile averaged 2.28 percent from 2009 until 2020, reaching an all time high of 12.60 percent in March of 2011 and a record low of -15.30 percent in May of 2020. This page provides the latest reported value for - Chile Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Leading Economic Index 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 Leading Economic Index in Chile to stand at 6.50 in 12 months time. In the long-term, the Chile Leading Economic Index is projected to trend around 4.50 percent in 2021 and 3.20 percent in 2022, according to our econometric models.