Industrial production in Chile rebounded 1.3 percent year-on-year in October of 2021, following a 0.7 percent decrease in the previous month. Output growth was driven by a rebound in mining (0.3 percent vs -7.3 percent in September), mainly due to a slower contraction of copper (-3.9 percent vs -6.9 percent). On the other hand, output growth slowed for utilities (4.9 percent vs 5.7 percent) and manufacturing (1.5 percent vs 4.3 percent). On a monthly basis, industrial production rose 3.7 percent from a 5.8 percent decline in the prior period. source: National Institute of Statistics, Chile

Industrial Production in Chile averaged 1.71 percent from 1997 until 2021, 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 December of 2021.

Industrial Production in Chile is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Industrial Production is projected to trend around 0.40 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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Chile Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 12:00 PM Sep -0.7% 4.2% 3.9%
2021-11-30 12:00 PM Oct 1.3% -0.7% 1.2%
2021-12-31 12:00 PM Nov


Related Last Previous Unit Reference
Industrial Production 1.30 -0.70 percent Oct/21
Industrial Production Mom -1.50 -0.80 percent Aug/21
Manufacturing Production 1.50 4.30 percent Oct/21
Copper Production 474.90 451.10 Thousands of Tonnes Oct/21
Mining Production -2.90 -2.00 percent Aug/21

News Stream
Chile Industrial Production Rebounds in October
Industrial production in Chile rebounded 1.3 percent year-on-year in October of 2021, following a 0.7 percent decrease in the previous month. Output growth was driven by a rebound in mining (0.3 percent vs -7.3 percent in September), mainly due to a slower contraction of copper (-3.9 percent vs -6.9 percent). On the other hand, output growth slowed for utilities (4.9 percent vs 5.7 percent) and manufacturing (1.5 percent vs 4.3 percent). On a monthly basis, industrial production rose 3.7 percent from a 5.8 percent decline in the prior period.
2021-11-30
Chile Industrial Production Contracts in September
Industrial production in Chile contracted 0.7 percent year-on-year in September of 2021, compared to the 4.2 percent increase in in previous month. It was the first month of industrial decline since February, driven by lower output for mining (-7.3 percent vs -2.9 percent in August), dragged down by copper (-6.9 percent vs -4.6 percent). Meanwhile, industry slowed for manufacturing (4.3 percent vs 11.6 percent) and utilities (5.7 percent vs 8.1 percent). On a monthly basis, industrial production fell 5.8 percent from a 1 percent increase in August, the steepest decline since April.
2021-10-29
Chile Industrial Production Slows in August
Industrial production in Chile rose 4.2 percent year-on-year in August of 2021, easing from 4.8 percent in the previous month. The slowdown was led by a reduction in mining activity (-2.9 percent vs -2 percent in July), dragged down by non-metallic mining (2 percent vs 31 percent in July). Further, production rose less for electricity, gas, and water (8.1 percent vs 8.7 percent), driven by slower electricity generation (8.3 percent vs 9.6 percent), and manufacturing (10.6 percent vs 10.9 percent). On a monthly basis, industrial production dropped 1.5 percent, following a downwardly revised 0.8 percent decrease in the previous month.
2021-09-30

Chile Industrial Production
In Chile, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.