Chile’s IMACEC economic activity index grew 14.3 percent year-on-year in November of 2021 easing from 15 percent in October. It was the lowest rate since March, as lower base effects fade. Growth declined for goods production (5 percent vs 9.1 percent in October) and trade (16.7 percent vs 17.7 percent), while mining activity decreased (-0.3 percent vs 0.6 percent). On the other hand, growth picked up for services (20 percent vs 19.6 percent), and industry (5 percent vs 3.7 percent). On a seasonally adjusted monthly basis, economic activity increased by 0.3 percent, compared to an unchanged rate in the month prior. source: Central Bank of Chile

Leading Economic Index in Chile averaged 2.88 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 January of 2022.

Leading Economic Index in Chile is expected to be 3.20 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 2023 and 3.20 percent in 2024, according to our econometric models.

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Chile Leading Economic Index


Calendar GMT Actual Previous Consensus TEForecast
2021-12-01 11:30 AM Oct 15% 15.6% 15.4% 15%
2022-01-03 11:30 AM Nov 14.3% 15% 12%
2022-02-01 11:30 AM Dec 14.3%


Related Last Previous Unit Reference
Changes in Inventories 854.18 846.16 CLP Billion Sep/21
Leading Economic Index 14.30 15.00 percent Nov/21

News Stream
Chile Economic Activity Growth at 8-Month Low
Chile’s IMACEC economic activity index grew 14.3 percent year-on-year in November of 2021 easing from 15 percent in October. It was the lowest rate since March, as lower base effects fade. Growth declined for goods production (5 percent vs 9.1 percent in October) and trade (16.7 percent vs 17.7 percent), while mining activity decreased (-0.3 percent vs 0.6 percent). On the other hand, growth picked up for services (20 percent vs 19.6 percent), and industry (5 percent vs 3.7 percent). On a seasonally adjusted monthly basis, economic activity increased by 0.3 percent, compared to an unchanged rate in the month prior.
2022-01-03
Chile Economic Activity Growth Eases in October
Chile’s IMACEC economic activity index grew 15 percent year-on-year in October of 2021, easing from 15.6 percent in September and below market expectations of 15.4 percent. It was the lowest rate since April, as low base effects begin to diminish. Growth declined for goods production (9.1 percent vs 19.5 percent in September), trade (17.7 percent vs 20.3 percent), and industry (3.7 percent vs 10.4 percent). On the other hand, growth picked up for services (19.6 percent vs 19 percent) while mining activity rebounded (0.6 percent vs -6.7 percent). On a seasonally adjusted monthly basis, economic activity in Chile remained constant.
2021-12-01
Chile Economic Activity Growth Eases in September
Chile’s IMACEC economic activity index grew 15.6 percent year-on-year in September of 2021, from 19.1 percent in August and significantly higher than market expectations of 12.3 percent. It was the lowest rate since April, as low base effects begin to lessen. Growth eased in nearly all sectors, including services (19 percent vs 22.4 percent in August), trade (20.3 percent vs 25.5 percent), goods production (19.5 percent vs 19.6 percent), and industry (10.4 percent vs 14.8 percent). Meanwhile, mining activity fell further (-6.7 percent -1.7 percent). On a seasonally adjusted monthly basis, economic activity in Chile rose 1.7 percent.
2021-11-02

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.