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.

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Chile Leading Economic Index

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 2.70 12.60 -4.40 2009 - 2020 percent Monthly
NSA, 2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-03 11:30 AM Dec 1.1% -3.3% -2%
2020-03-02 11:30 AM Jan 1.5% 1.1% 1.5%
2020-04-01 11:30 AM Feb 2.7% 1.5% 1%
2020-05-04 12:30 PM Mar -3.5% 2.7% -2.8%
2020-06-01 12:30 PM Apr -3.5% -8%
2020-07-01 12:30 PM May -4.5%
2020-08-03 12:30 PM Jun -1.5%
2020-09-01 12:30 PM Jul


News Stream
Chile Economic Activity Shrinks 3.5% in March
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.
2020-05-04
Chile Economic Activity Expands the Most in 5 Months
Chile’s IMACEC economic activity index advanced 2.7 percent year-on-year in February 2020, following a 1.5 percent expansion in the previous month. The mining sector grew 10.4 percent, faster than a 2.2 percent expansion in January; and the non-mining sector advanced 2 percent, after increasing 1.5 percent, driven by manufacturing and construction.
2020-04-01
Chile Economic Activity Expands the Most in 4 Months
Chile’s IMACEC economic activity index rose 1.5 percent year-on-year in January 2020, following a 1.1 percent expansion in the previous month. The non-mining sector advanced 1.5 percent, after growing 0.8 percent in December, driven by construction and services activities. Meanwhile, the mining sector expanded 2.2 percent, slowing from a 3.7 percent rise in the prior month.
2020-03-02
Chile Economic Activity Recovers in December
Chile’s IMACEC economic activity index expanded 1.1 percent year-on-year in December 2019, recovering from a 3.3 percent contraction in the previous month, following months of violent domestic unrest. Mining activity grew 3.7 percent, after shrinking 5.1 percent in November, boosted by copper production and battery metal lithium carbonate. Additionally, the non-mining sector advanced 0.8 percent, rebounding from a 3.1 percent decline in the prior month, driven by construction and manufacturing. On a seasonally adjusted monthly basis, economic activity increased 3.5 percent.
2020-02-03

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.