Chile

Economic Activity - July 2002

The numbers in detail

The Chilean Central Bank reports:

In July, Chilean output, as measured by the monthly indicator for economic activity (IMACEC, Indicator Mensual de Actividad Económica), expanded by 2.1% compared with the same month last year.  Measured by factor costs, economic activity expanded by 2.5%.  The accumulated growth rate in the first seven months of the year was 1.7%.  

The July reading was influenced by the fact that July 2002 counted two working days more than the same month last year.  As a result, according to seasonally adjusted data, the economy dropped by 0.4% over the preceding month.

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