Chile’s IMACEC economic activity index shrank 11.3 percent over a year earlier in August of 2020, following a 10.7 percent contraction in the previous month and compared with market expectations of an 8.5 percent drop, amid the coronavirus crisis. The non-mining sector plunged 12.2 percent, faster than a 12 percent decline in July, mainly due to services, construction and manufacturing. Additionally, the mining sector contracted 3.4 percent, after expanding 1.4 percent in the prior month. On a seasonally adjusted monthly basis, economic activity in Chile grew 2.8 percent. source: Central Bank of Chile

Leading Economic Index in Chile averaged 2.28 percent from 2009 until 2020, reaching an all time high of 12.60 percent in March of 2011 and a record low of -15.30 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 October of 2020.

Leading Economic Index in Chile is expected to be -2.50 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 6.50 in 12 months time. In the long-term, the Chile Leading Economic Index is projected to trend around 4.50 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
-11.30 -10.70 12.60 -15.30 2009 - 2020 percent Monthly
NSA, 2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-01 12:30 PM May -15.3% -14.1% -16.6% -15.5%
2020-08-03 12:30 PM Jun -12.4% -15.3% -14.5% -16.1%
2020-09-01 12:30 PM Jul -10.7% -12.4% -12.5% -13.2%
2020-10-01 11:30 AM Aug -11.3% -10.7% -8.5% -7.5%
2020-11-02 11:30 AM Sep -11.3% -9%
2020-12-01 11:30 AM Oct -6%


News Stream
Chile Economic Activity Shrinks More than Expected in August
Chile’s IMACEC economic activity index shrank 11.3 percent over a year earlier in August of 2020, following a 10.7 percent contraction in the previous month and compared with market expectations of an 8.5 percent drop, amid the coronavirus crisis. The non-mining sector plunged 12.2 percent, faster than a 12 percent decline in July, mainly due to services, construction and manufacturing. Additionally, the mining sector contracted 3.4 percent, after expanding 1.4 percent in the prior month. On a seasonally adjusted monthly basis, economic activity in Chile grew 2.8 percent.
2020-10-01
Chile Economic Activity Shrinks Less than Expected in July
Chile’s IMACEC economic activity index shrank 10.7 percent year-on-year in July of 2020, after contracting 12.4 percent in the previous month and less than market expectations of a 12.5 percent plunge, due to the coronavirus crisis. The non-mining sector fell 12 percent, mainly due to transportation, hotels and restaurants, business services and construction. In contrast, the mining sector expanded 1.4 percent. Compared to the previous month, economic activity in Chile expanded 1.7 percent.
2020-09-01
Chile Economic Activity Shrinks Less than Expected in June
Chile’s IMACEC economic activity index shrank 12.4 percent year-on-year in June 2020, after contracting a record 15.3 percent in the previous month and compared with market expectations of a 14.5 percent plunge, amid the coronavirus crisis. The non-mining sector shrank 14 percent, following a 17 percent slump in May, namely education, transport, restaurants & hotels, and business services. Meanwhile, the mining sector grew 2.2 percent, faster than a 1.2 percent expansion in the prior month.
2020-08-03
Chile Economic Activity Contracts the Most on Record
Chile’s IMACEC economic activity index shrank 15.3 percent year-on-year in May 2020, after contraction 14.1 percent in the previous month and compared with market forecasts of a 16.6 percent decline. It was the steepest contraction in economic activity on record, amid the coronavirus crisis. The non-mining sector shrank 17 percent, following a 15.5 percent drop in April, in particular services, trade, manufacturing and construction. On the other hand, the mining sector grew 1.2 percent, recovering from a 0.1 percent contraction in the prior month.
2020-07-01

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.