Chile’s IMACEC economic activity index grew 19.1 percent year-on-year in August of 2021 from 18.1 percent in July, mainly due to low base effects as the economy recovers from the pandemic. Growth was seen in nearly all sectors, as upward pressure came from services (22.4 percent vs 15.6 percent in July), trade (25.5 percent vs 43.5 percent), goods production (10.9 percent vs 10.6 percent), and industry (14.8 percent vs 13.4 percent), while the decrease in mining activities remained unchanged at -0.2 percent. On a seasonally adjusted monthly basis, economic activity in Chile rose 1.1 percent. source: Central Bank of Chile

Leading Economic Index in Chile averaged 2.65 percent from 2009 until 2021, reaching an all time high of 20.61 percent in June of 2021 and a record low of -15.31 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 October of 2021.

Leading Economic Index in Chile is expected to be 4.50 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 3.70 percent in 2022 and 3.20 percent in 2023, according to our econometric models.

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Chile Leading Economic Index


Calendar GMT Actual Previous Consensus TEForecast
2021-07-01 12:30 PM May 18.1% 14.1% 15.7% 15%
2021-08-02 12:30 PM Jun 20.1% 18.1% 16.7% 16%
2021-09-01 12:30 PM Jul 18.1% 20.6% 15%
2021-10-01 11:30 AM Aug 19.1% 18.1% 17% 15%
2021-11-02 11:30 AM Sep 19.1%
2021-12-01 11:30 AM Oct


News Stream
Chile Economic Activity Rises Further in August
Chile’s IMACEC economic activity index grew 19.1 percent year-on-year in August of 2021 from 18.1 percent in July, mainly due to low base effects as the economy recovers from the pandemic. Growth was seen in nearly all sectors, as upward pressure came from services (22.4 percent vs 15.6 percent in July), trade (25.5 percent vs 43.5 percent), goods production (10.9 percent vs 10.6 percent), and industry (14.8 percent vs 13.4 percent), while the decrease in mining activities remained unchanged at -0.2 percent. On a seasonally adjusted monthly basis, economic activity in Chile rose 1.1 percent.
2021-10-01
Chile Economic Activity Continues to Grow at Strong Pace
Chile’s IMACEC economic activity index grew 18.1 percent year-on-year in July of 2021, mainly due to low base effects and as the economy gradually recovers from the Covid-19 shock. Positive contributions to growth came from trade (43.5 percent vs 45 percent in June); services (15.6 percent vs 18 percent) and the goods-producing industries (10.6 percent vs 14.5 percent). Meanwhile, mining activity shrank (-1.9 percent vs 1.7 percent). On a seasonally adjusted monthly basis, economic activity in Chile rose 1.4 percent.
2021-09-01
Chile Economic Activity Grows at Record Pace
Chile’s IMACEC economic activity index advanced at a record pace of 20.1 percent year-on-year in June of 2021, mainly due to low base effects and as the economy gradually recovers from the Covid-19 shock. Positive contributions to growth came from trade (46.4 percent vs 51.3 percent in May); services (17.8 percent vs 16.8 percent) and the goods-producing industries (13.2 percent vs 7.5 percent). Meanwhile, mining activity shrank further (-0.5 percent vs -0.3 percent). On a seasonally adjusted monthly basis, economic activity in Chile rose 2.1 percent.
2021-08-02
Chile Economic Activity Surges at Record Pace
Chile’s IMACEC economic activity index surged at a record pace of 18.1 percent year-on-year in May of 2021, mainly due to low base effects and a stronger resilience of households and businesses against the impacts of the pandemic. Main upward pressure came from the robust recovery of the service (16.8 percent) and trade sectors (51.3 percent). Positive contributions also came from manufacturing (15.3 percent) and agriculture, forestry, fisheries, waste management & construction (8.2 percent), while output edged down from mining activities (-0.3 percent). On a seasonally adjusted monthly basis, economic activity in Chile rebounded by 2.6 percent, after a 1.4 percent fall in April.
2021-07-01

Chile Last Unit Reference Previous Highest Lowest
Changes in Inventories 942.70 CLP Billion Jun/21 2638.57 2638.57 -2460.10
Leading Economic Index 19.10 percent Aug/21 18.10 20.61 -15.31


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.