Chile’s Imacec economic activity index rose by 6.9 percent year-on-year in April of 2022, easing from a 7.2 percent rise in the previous period and missing market expectations of a 7.7 percent gain. Economic activity contracted for mining (-9.3 percent vs -2.4 percent in March), industry (-1 percent vs 3.3 percent), and goods production (unchanged at -1.2 percent). On the other hand, growth picked up for services (13.2 percent vs 12.2 percent) and commerce (9.9 percent vs 8.6 percent). source: Central Bank of Chile

Leading Economic Index in Chile averaged 3.02 percent from 2009 until 2022, 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 June of 2022.

Leading Economic Index in Chile is expected to be 3.80 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 2.00 percent in 2023, according to our econometric models.

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Chile Leading Economic Index



Calendar GMT Actual Previous Consensus TEForecast
2022-05-02 12:30 PM Mar 7.2% 6.8% 6.3% 4.3%
2022-06-01 12:30 PM Apr 6.9% 1.6% 7.7% 6.1%
2022-07-01 12:30 PM May 6.9% 4.5%


Related Last Previous Unit Reference
Changes in Inventories 2108.94 721.20 CLP Billion Mar 2022
Leading Economic Index 6.90 1.60 percent Apr 2022

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
6.90 1.60 20.61 -15.31 2009 - 2022 percent Monthly
NSA, 2013=100

News Stream
Chile Economic Activity Misses Expectations in April
Chile’s Imacec economic activity index rose by 6.9 percent year-on-year in April of 2022, easing from a 7.2 percent rise in the previous period and missing market expectations of a 7.7 percent gain. Economic activity contracted for mining (-9.3 percent vs -2.4 percent in March), industry (-1 percent vs 3.3 percent), and goods production (unchanged at -1.2 percent). On the other hand, growth picked up for services (13.2 percent vs 12.2 percent) and commerce (9.9 percent vs 8.6 percent).
2022-06-01
Chile Economic Activity Surpasses Expectations in March
Chile’s Imacec economic activity index increased by 7.2 year-on-year in March of 2022, picking up from a 6.8 percent rise in the previous period and well above market expectations of 6.3 percent. It was the first month that growth accelerated since August of 2021, underpinned by higher activity in commerce (8.6 vs 5.5 percent) and a rebound in industry (3.3 percent vs -2.6 percent). Meanwhile, contraction eased for mining activity (-2.4 percent vs -6.4 percent), while growth slowed for services (12.2 percent vs 14.6 percent).
2022-05-02
Chile Economic Activity Misses Forecasts in February
The Leading Economic Index Chile increased 9 percent in February of 2022 over the same month in the previous year, missing market expectations of an 8.2 percent jump and slowing from a 9.0 percent rise in January. It was the slowest growth rate since March of last year as the low base effects of the pandemic started to fade. Growth was driven by the increase in service activities (14.6 percent), while commerce (5.5 percent) also contributed positively to the result for the month. Still, the production of goods fell by 4.5 percent, mainly influenced by the mining sector (-6.4 percent).
2022-04-01