Chile’s IMACEC economic activity index decreased by 0.4 percent over a year earlier in December of 2020, after rising 0.3 percent in the previous month, dampened by renewed restrictions following an uptick of cases around the end-of-year holidays. The services sector fell again (-2.1 percent vs -2.3 percent) and mining activity contracted sharply (-9.2 percent vs -1.1 percent), amid reduced activity in all three sectors that make up the index, particularly in the metallic mining sector. Meanwhile, the non-mining sector expanded slightly faster (0.6 percent vs 0.4 percent), supported by industry (2 percent vs 1.6 percent) and trade (10.8 percent vs 15.3 percent). On a seasonally adjusted monthly basis, economic activity in Chile grew 3.5 percent, after an upwardly revised 1.2 percent rise in the previous month. source: Central Bank of Chile

Leading Economic Index in Chile averaged 2.16 percent from 2009 until 2020, reaching an all time high of 12.60 percent in March of 2011 and a record low of -15.50 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 February of 2021.

Leading Economic Index in Chile is expected to be 1.30 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 4.50 in 12 months time. In the long-term, the Chile Leading Economic Index is projected to trend around 4.50 percent in 2022 and 3.20 percent in 2023, according to our econometric models.

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Chile Leading Economic Index

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.30 12.60 -15.50 2009 - 2020 percent Monthly
NSA, 2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-02 11:30 AM Sep -5.3% -11.3% -7% -7.3%
2020-12-01 11:30 AM Oct -1.2% -4.8% 0.6% 0.5%
2021-01-04 11:30 AM Nov 0.3% -1.2% -1.7%
2021-02-01 11:30 AM Dec -0.4% 0.3% 0.8%
2021-03-01 11:30 AM Jan -0.4%
2021-04-01 11:30 AM Feb
2021-05-03 12:30 PM Mar
2021-06-01 12:30 PM Apr


News Stream
Chile Economic Activity Shrinks in December
Chile’s IMACEC economic activity index decreased by 0.4 percent over a year earlier in December of 2020, after rising 0.3 percent in the previous month, dampened by renewed restrictions following an uptick of cases around the end-of-year holidays. The services sector fell again (-2.1 percent vs -2.3 percent) and mining activity contracted sharply (-9.2 percent vs -1.1 percent), amid reduced activity in all three sectors that make up the index, particularly in the metallic mining sector. Meanwhile, the non-mining sector expanded slightly faster (0.6 percent vs 0.4 percent), supported by industry (2 percent vs 1.6 percent) and trade (10.8 percent vs 15.3 percent). On a seasonally adjusted monthly basis, economic activity in Chile grew 3.5 percent, after an upwardly revised 1.2 percent rise in the previous month.
2021-02-01
Chile Economic Activity Recovers in November
Chile’s IMACEC economic activity index increased by 0.3 percent over a year earlier in November of 2020, after falling 1.2 percent in October, as the economy gradually revives from the pandemic shock. It was the first rise in economic activity since February, as the non-mining sector bounced back (0.4 percent vs -1.5 percent in October), supported by growth in trade (15.3 percent vs 17 percent). Meanwhile, the mining sector retreated (-1.1 percent vs 1.6 percent). On a seasonally adjusted monthly basis, economic activity in Chile grew 1.1 percent, after a 0.5 percent decrease in the previous month.
2021-01-04
Chile Economic Activity Unexpectedly Shrinks in October
Chile’s IMACEC economic activity index decreased by 1.2 percent over a year earlier in October of 2020, following a downwardly revised 4.8 percent fall in September and compared with market expectations of a 0.6 percent increase. Still, it was the smallest decline in economic activity since March. The non-mining sector decreased 1.5 percent, less than a 5.1 percent fall in September, as services contracted at a softer pace while manufacturing and trade grew. In contrast, the mining sector advanced 1.6 percent, after contracting 2 percent the prior month. On a seasonally adjusted monthly basis, economic activity in Chile shrank 0.5 percent, after an upwardly revised 5.2 percent growth in the prir month.
2020-12-01
Chile Economic Activity Contracts Less than Expected in September
Chile’s IMACEC economic activity index shrank 5.3 percent over a year earlier in September 2020, following an 11.3 percent contraction in the previous month and compared with market expectations of a 7 percent drop. The non-mining sector declined 5.7 percent, less than a 12.2 percent plunge in August, as retail trade, manufacturing and business services grew while construction, education, transport and restaurant & hotels continued to contract. At the same time, the mining sector shrank 1.9 percent, after falling 3.4 percent in the prior month. On a seasonally adjusted monthly basis, economic activity in Chile grew 5.1 percent, following an upwardly revised 2.9 percent expansion in August.
2020-11-02

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.