Chile’s IMACEC economic activity index declined 3.3 percent year-on-year in November 2019, following a 3.4 percent fall in the previous month. Mining activity plunged 5.1 percent, after growing 2 percent in the prior month, reflecting some impact of nearly two months of social unrest and road blockages. The non-mining sector shrank at a softer pace (-3.1 percent vs -4 percent in October), as declines in services including education, transportation and restaurants & hotels as well as in internal trade were partly offset by gains in construction and manufacturing. On a seasonally adjusted monthly basis, economic activity rose 1 percent, following a downwardly revised 5.3 percent decline in the previous month.

Leading Economic Index in Chile averaged 2.93 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. 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. source: Central Bank of Chile

Leading Economic Index in Chile is expected to be 1.00 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 2.50 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.


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Chile Leading Economic Index

Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -3.40 12.60 -4.40 2009 - 2019 percent Monthly
NSA, 2013=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 11:30 AM Aug 3.7% 3.2% 3.2% 3%
2019-11-04 11:30 AM Sep 3% 3.7% 3.5%
2019-12-02 11:30 AM Oct -3.4% 3% -0.5%
2020-01-02 11:30 AM Nov -3.3% -3.4% -4%
2020-02-03 11:30 AM Dec -3.3% -3%


News Stream
2019-12-02
Chile Economic Activity Shrinks the Most in 10 Years
Chile’s IMACEC economic activity index shrank 3.4 percent year-on-year in October 2019, after a 3 percent expansion in the previous month. It was the sharpest contraction in economic activity since June 2009, amid ongoing violent domestic unrest after the hike in public transport prices, which later was reversed. Non-mining output declined 4 percent, following a 3.5 percent rise in September, in particular services namely education, transport, business services and restaurant & hotels; trade; and manufacturing. Meanwhile, the mining sector grew 2 percent, after shrinking 1.6 percent in the prior month. On a seasonally adjusted monthly basis, economic activity contracted 5.4 percent, following a 0.6 percent fall in September.

2019-11-04
Chile Economic Activity Growth Slows in September
Chile’s IMACEC economic activity index advanced 3 percent year-on-year in September 2019, slowing from a 3.7 percent expansion in the previous month. Non-mining output grew 3.5 percent, the same pace as in August; while the mining sector shrank 1.6 percent, after expanding 5.3 percent in the prior month. On a seasonally adjusted monthly basis, economic activity contracted 0.6 percent, following a 0.9 percent growth in August.

2019-10-01
Chile Economic Activity Growth at 14-Month High
Chile’s IMACEC economic activity index advanced 3.7 percent year-on-year in August 2019, following a 3.2 percent expansion in the previous month and beating market forecasts of 3.2 percent. It was the strongest growth in economic activity since June last year, as the mining sector expanded 5.3 percent, faster than a 1.1 percent increase in July and non-mining output rose 3.5 percent (vs 3.4 percent in July) driven by services and construction. On a seasonally adjusted monthly basis, economic activity went up 0.9 percent, after a 0.3 percent gain in the prior month.

2019-09-05
Chile Economic Activity Growth at 8-Month High of 3.2%
Chile’s IMACEC economic activity index rose 3.2 percent year-on-year in July, following an upwardly revised 1.5 percent increase in the previous month. The latest reading pointed to the strongest growth in economic activity since last November, as non-mining output advanced the most in 9 months (3.4 percent vs 1.6 percent in June), boosted by manufacturing, services and internal trade. Also, the mining sector gained some steam (1.1 percent vs 0.6 percent). On a seasonally adjusted monthly basis, economic activity went up 0.2 percent, the same pace as in the preceding month.

2019-08-05
Chile Economic Activity Growth at 4-Month Low of 1.3%
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.

2019-07-05
Chile Economic Activity Growth at 5-Month High in May
Chile’s IMACEC economic activity advanced 2.3 percent year-on-year in May 2019, up from a 2.1 percent rise in the previous month and matching market expectations. It was the fastest growth since December, as non-mining output rose the most in six months (2.8 percent vs 2.1 percent in April), driven by services; while mining activity fell (-2.3 percent vs 1.9 percent). On a seasonally adjusted basis, the Chilean economy grew 0.2 percent, slightly below 0.3 percent in the previous month.


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.

Chile Business Last Previous Highest Lowest Unit
Business Confidence 32.53 36.58 64.43 32.53 points [+]
Industrial Production -1.80 -3.40 14.05 -11.50 percent [+]
Industrial Production Mom -1.60 -3.70 10.50 -8.10 percent [+]
Manufacturing Production 3.20 -5.70 32.00 -14.20 percent [+]
Changes in Inventories 148.09 667.40 1781.78 -1539.68 CLP Billion [+]
Total Vehicle Sales 28038.00 37925.00 39263.00 21184.00 [+]
Leading Economic Index -3.30 -3.40 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 110.00 95.00 157.00 0.00 Thousand Tonnes [+]
Mining Production -7.20 -1.60 36.80 -21.80 percent [+]
Ease of Doing Business 59.00 56.00 59.00 34.00 [+]
Competitiveness Index 70.54 70.26 70.54 4.58 Points [+]
Competitiveness Rank 33.00 33.00 35.00 26.00 [+]
Copper Production 504.40 494.00 557.80 356.20 Thousands of Tonnes [+]
Corruption Index 67.00 67.00 79.40 60.50 Points [+]
Corruption Rank 26.00 27.00 27.00 14.00 [+]