Industrial production in Chile fell 0.8 percent year-on-year in March 2019, following a downwardly revised 3.5 percent decrease in the previous month. Output dropped less for mining (-3.5 percent compared to -9.4 percent in February), of which copper (-1.7 percent) and metalliferous minerals (-43.4 percent), specially iron. Additionally, output rose further for manufacturing (1.3 percent compared to 0.8 percent) and utilities (1.0 percent compared to 0.9 percent), namely gas (16.3 percent) and water (1.3 percent). On a monthly basis, industrial output went up 2.9 percent, after an upwardly revised 1.8 percent fall in February. Industrial Production in Chile averaged 1.85 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 2.50 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 2.50 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.