Chile’s IMACEC economic activity advanced 1.3 percent year-on-year in June 2019, following a 2.3 percent rise in the prior month. The latest reading pointed to the slowest growth since February. Non-mining output rose the least in almost 2 years (1.4 percent vs 2.8 percent in May), as gains in services and construction were partly offset by a decline in manufacturing. In contrast, mining activity rebounded (0.3 percent vs -2.3 percent). On a seasonally adjusted monthly basis, the Chilean economic activity showed no growth, after advancing 0.2 percent in the previous month. Leading Economic Index in Chile averaged 3.02 percent from 2009 until 2019, reaching an all time high of 12.60 percent in March of 2011 and a record low of -4.40 percent in February of 2009.

Leading Economic Index in Chile is expected to be 3.20 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 3.00 in 12 months time. In the long-term, the Chile Leading Economic Index is projected to trend around 3.20 percent in 2020, according to our econometric models.

Chile Leading Economic Index
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-06 12:30 PM IMACEC Economic Activity YoY Mar 1.9% 1.4% 2%
2019-06-05 12:30 PM IMACEC Economic Activity YoY Apr 2.1% 1.9% 2.1% 2.3%
2019-07-05 12:30 PM IMACEC Economic Activity YoY May 2.3% 2.1% 2.3% 2.4%
2019-08-05 12:30 PM IMACEC Economic Activity YoY Jun 1.3% 2.3% 2.4%
2019-09-05 11:30 AM IMACEC Economic Activity YoY Jul 1.3%
2019-10-01 11:30 AM IMACEC Economic Activity YoY Aug
2019-11-04 11:40 AM IMACEC Economic Activity YoY Sep 3.2%


Chile Business Last Previous Highest Lowest Unit
Business Confidence 50.36 50.16 64.43 37.24 Index Points [+]
Industrial Production -2.90 0.00 14.05 -11.50 percent [+]
Industrial Production Mom -1.10 0.20 10.50 -8.10 percent [+]
Manufacturing Production -5.40 2.20 32.00 -14.20 percent [+]
Changes in Inventories 688.53 1745.24 1781.78 -1539.68 CLP Billion [+]
Total Vehicle Sales 28446.00 31204.00 39263.00 21184.00 [+]
Leading Economic Index 1.30 2.30 12.60 -4.40 percent [+]
Internet Speed 9258.62 8567.16 9258.62 1097.83 KBps [+]
IP Addresses 3793061.00 3843649.00 3924514.00 1174118.00 IP [+]
Steel Production 75.00 105.00 157.00 0.00 Thousand Tonnes [+]
Mining Production 0.00 -2.00 36.80 -21.80 percent [+]
Ease of Doing Business 56.00 55.00 57.00 34.00 [+]
Competitiveness Index 70.26 69.37 70.26 4.58 Points [+]
Competitiveness Rank 33.00 34.00 35.00 26.00 [+]
Copper Production 474.70 492.50 557.80 356.20 Thousands of Tonnes [+]
Corruption Index 67.00 67.00 79.40 60.50 Points [+]
Corruption Rank 27.00 26.00 27.00 14.00 [+]


Chile Leading Economic Index

In Chile, the Monthly Economic Activity Indicator – IMACEC – is an index that summarizes the activity of the different economic sectors in a given month, anticipating the future movements in GDP. The calculation is based on multiple IMACEC supply indicators, as well as estimates in the absence of direct monthly information which are weighted by share of economic activities in GDP in the previous year. The economic activities include: agriculture and forestry, fishing, mining, manufacturing, electricity, gas, water, construction, commerce, restaurants and hotels, transport, communications, financial intermediation, business services, housing services, education, health, other services, public administration. The index has a base value of 100 as of 2008. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 2.30 12.60 -4.40 2009 - 2019 percent Monthly
NSA, 2013=100




Country Last Previous
Argentina -0.80 Jul/19
Australia 0.10 Jul/19
Brazil 0.30 Jun/19
Canada 0.20 May/19
Japan 93.30 Jun/19
Mexico -0.40 May/19
Russia 1.70 Jul/19
Singapore 108.10 Jun/19
South Africa -0.40 Jun/19
South Korea 114.50 Jun/19
Turkey 2.43 Jun/19
United Kingdom -0.20 Jun/19
United States 128.29 Jun/19


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