Chile’s IMACEC economic activity index shrank 3.5 percent year-on-year in March 2020, following a 2.7 percent expansion in the previous month. It was the first contraction in economic activity since November last year, amid business closures, lockdowns social distancing measures due to the coronavirus pandemic. The non-mining sector contracted 4 percent, after growing 2 percent in February in particular education, transportation and restaurants & hotels. In addition, the mining sector expanded 0.8 percent, slowing from a 10.4 percent growth in the prior month.
Leading Economic Index in Chile averaged 2.83 percent from 2009 until 2020, 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. 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 May of 2020. source: Central Bank of Chile
Leading Economic Index in Chile is expected to be -1.50 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 2.10 in 12 months time. In the long-term, the Chile Leading Economic Index is projected to trend around 2.50 percent in 2021 and 3.20 percent in 2022, according to our econometric models.