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.
Leading Economic Index in Chile averaged 2.38 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 September of 2020. source: Central Bank of Chile
Leading Economic Index in Chile is expected to be -1.30 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 8.00 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.