Chile Economic Activity Rebounds in June

Chile's IMACEC economic activity index rose 2.4% year-on-year in June 2026, rebounding from a 0.9% decline in May and marking its strongest annual growth since September 2025. Goods-producing activity increased 3.9%, supported by a 9.8% rise in mining and quarrying, particularly copper production, although gains were partly offset by a 0.7% contraction in manufacturing. Trade expanded 5.4%, with all segments posting positive results, led by wholesale trade amid stronger sales of machinery and equipment. Services activity also increased by 1.0%, driven by gains in personal and business services. On a seasonally adjusted monthly basis, economic activity expanded 0.6%, rebounding from a 0.2% decline in the previous month.

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.

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%.