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.