Chile's IMACEC economic activity index fell 0.9% year-on-year in May 2026, marking the fifth consecutive month of contraction, though less sharply than the 1.2% decline recorded in April. Goods production contracted 4.7%, reflecting a sharp drop in mining output (-11.6%), particularly copper, alongside a 1.7% decline in manufacturing, while production of other goods was unchanged. Meanwhile, services activity grew 1.0%, supported by stronger personal services, especially health and education, which partly offset weaker business and transport services. Trade increased 0.8%, driven mainly by retail and automotive sales. On a seasonally adjusted monthly basis, economic activity edged down 0.2% in May, reserving a 0.1% increase in the previous month. source: Central Bank of Chile

Leading Economic Index Chile decreased 0.90 percent in May of 2026 over the same month in the previous year. Leading Economic Index in Chile averaged 3.40 percent from 1997 until 2026, reaching an all time high of 20.40 percent in June of 2021 and a record low of -15.90 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 July of 2026.

Leading Economic Index Chile decreased 0.90 percent in May of 2026 over the same month in the previous year. Leading Economic Index in Chile is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Leading Economic Index is projected to trend around 2.80 percent in 2027 and 3.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-01 12:30 PM
IMACEC Economic Activity YoY
Apr -1.2% -0.2% -0.6%
2026-07-01 12:30 PM
IMACEC Economic Activity YoY
May -0.9% -1.2% 0.2% -1.9%
2026-08-03 12:30 PM
IMACEC Economic Activity YoY
Jun -0.9% 0.4%


Related Last Previous Unit Reference
Business Confidence 45.97 46.65 points Jun 2026
Changes in Inventories 190.28 -1503.53 CLP Billion Mar 2026
Copper Production YoY 399.95 434.49 Thousands of Tonnes Apr 2026
Corruption Index 63.00 63.00 Points Dec 2025
Corruption Rank 31.00 32.00 Dec 2025
Industrial Production YoY -7.50 -4.70 percent May 2026
Industrial Production Mom -0.40 -0.20 percent May 2026
IMACEC Economic Activity YoY -0.90 -1.20 percent May 2026
Manufacturing Production YoY -7.20 -2.50 percent May 2026
Mining Production -10.60 -9.00 percent May 2026
Total Vehicle Sales 24449.00 27572.00 Units May 2026


Chile Leading Economic Index
In Chile, the Monthly Economic Activity Indicator – IMACEC – is an index that summarizes the activity of the different economic sectors in a given month, anticipating the future movements in GDP. The calculation is based on multiple IMACEC supply indicators, as well as estimates in the absence of direct monthly information which are weighted by share of economic activities in GDP in the previous year. The economic activities include: agriculture and forestry, fishing, mining, manufacturing, electricity, gas, water, construction, commerce, restaurants and hotels, transport, communications, financial intermediation, business services, housing services, education, health, other services, public administration. The index has a base value of 100 as of 2008.
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -1.20 20.40 -15.90 1997 - 2026 percent Monthly
NSA, 2013=100

News Stream
Chile Economic Activity Contracts Again
Chile's IMACEC economic activity index fell 0.9% year-on-year in May 2026, marking the fifth consecutive month of contraction, though less sharply than the 1.2% decline recorded in April. Goods production contracted 4.7%, reflecting a sharp drop in mining output (-11.6%), particularly copper, alongside a 1.7% decline in manufacturing, while production of other goods was unchanged. Meanwhile, services activity grew 1.0%, supported by stronger personal services, especially health and education, which partly offset weaker business and transport services. Trade increased 0.8%, driven mainly by retail and automotive sales. On a seasonally adjusted monthly basis, economic activity edged down 0.2% in May, reserving a 0.1% increase in the previous month.
2026-07-01
Chile's Economic Activity Contracts Most Since 2023
Chile’s IMACEC economic activity index fell 1.2% year-on-year in April 2026, following a 0.2% decline in the previous month and marking the sharpest contraction since March 2023. The downturn was driven by a 5.4% drop in goods-producing sectors, as mining output plunged 11.8% and industrial activity slipped 0.4%. In contrast, trade expanded 2.1%, while services activity edged up 0.8%. On a monthly basis, the IMACEC edged up 0.1%.
2026-06-01
Chile IMACEC Contracts in March
Chile’s IMACEC economic activity index fell 0.1% year-on-year in March 2026, following a 0.3% contraction in February. Goods production dropped 5.2% after a 3.7% decline in the previous month, weighed down by a 6.5% fall in mining and a 2.6% contraction in industrial output. In contrast, trade activity grew 5.1%, while services expanded 2.1%. On a monthly basis, the IMACEC surged 15.2%, rebounding from a 6.5% drop in February and marking the strongest monthly expansion since March 2022.
2026-05-04