Chile's industrial production decreased 2.6 percent year-on-year in June 2020, following a 5.7 percent fall in the previous month. It was the third consecutive decline in industrial output amid the coronavirus crisis. Manufacturing production shrank 8.3 percent, after a 13.3 percent drop in May; and utilities output fell 0.8 percent, following a 3.2 percent decrease. Meanwhile, mining production grew 2.9 percent, faster than a 2.1 percent rise in the prior month. On a monthly basis, industrial production went up down 0.4 percent, after increasing 0.1 percent in May.
Industrial Production in Chile averaged 1.75 percent from 1997 until 2020, 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. This page provides - Chile Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: National Institute of Statistics, Chile
Industrial Production in Chile is expected to be 0.30 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 1.70 in 12 months time. In the long-term, the Chile Industrial Production is projected to trend around 2.70 percent in 2021 and 3.50 percent in 2022, according to our econometric models.