Chile

Economic Activity - June 2002

The numbers in detail

The Chilean Central Bank reports:

In June, Chilean output, as measured by the monthly indicator for economic activity (IMACEC, Indicator Mensual de Actividad Económica), expanded by 0.3% compared with the same month last year.  Measured by factor costs, economic activity expanded by 0.4%.  The accumulated growth rate in the first half of the year was 1.6%.  According to seasonally adjusted data, the economy dropped by 0.1% over the preceding month.

The June reading was influenced by torrential rainfalls in the beginning of the month, which hampered economic activity.  Moreover, copper mines reduced their output and some branches of the industrial sector registered lower activity.  Finally, in the services sector, telecommunications observed lesser dynamism than in the same month last year.

More detailed information available at the Chilean Central Bank (Banco Central de Chile).
 

Forecasts: This indicator is covered in the LatinFocus Consensus Forecast.  For 5-year projections, including quarterly forecasts for the next two years, please click here