Industrial production in Chile increased 1.4 percent year-on-year in August 2019, slowing from an upwardly revised 2.9 percent gain in the previous month. Manufacturing output declined 1.5 percent, after rising 6.2 percent in July and utilities production went down 1 percent, following a 0.8 percent fall. On the other hand, mining output advanced 5.3 percent, faster than a 0.5 percent increase in the prior month, as copper production jumped 11.1 percent (vs 0.5 percent in July). On a monthly basis, industrial output rose 0.7 percent, easing from an upwardly revised 2.4 percent gain in July. Industrial Production in Chile averaged 1.83 percent from 1997 until 2019, reaching an all time high of 14.05 percent in May of 2000 and a record low of -11.50 percent in February of 2009.
Industrial Production in Chile is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Chile to stand at 3.50 in 12 months time. In the long-term, the Chile Industrial Production is projected to trend around 3.60 percent in 2020, according to our econometric models.