Latest news with #Imacec
Bloomberg
01-07-2025
- Business
- Bloomberg
Chile Economic Activity Slips, Boosting Case for Key Rate Cuts
Chile's economic activity unexpectedly dropped in May on declines across several sectors, supporting the central bank's outlook for renewed interest rate cuts over the coming quarters. The Imacec index, a proxy for gross domestic product, fell 0.2% from April, compared to the median estimate of analysts in a Bloomberg survey for growth of 0.4%. Activity gained 3.2% from the prior year, the central bank reported on Tuesday.
Bloomberg
02-06-2025
- Business
- Bloomberg
Chile's Economic Growth Triples Forecast as Mining Surges
Chile's economy grew more than expected in April as mining output jumped, offsetting a drop in manufacturing and retail, according to the central bank's main gauge of monthly activity. The Imacec index, a proxy for gross domestic product, rose 0.6% from March, triple the 0.2% median estimate of analysts in a Bloomberg survey. Activity gained 2.5% from the prior year, the central bank reported on Monday.
Bloomberg
02-05-2025
- Business
- Bloomberg
Chile Economic Activity Bounces Back on Mining Output Surge
By Updated on Save Chile's economic activity bounced back in March on a surge in mining, while other sectors posted more muted gains as government officials and the central bank warn of a turbulent global outlook ahead. The Imacec index, a proxy for gross domestic product, rose 0.8% from February, below the 1% median estimate from analysts in a Bloomberg survey. It was the biggest month-on-month increase since last July. Activity gained 3.8% from the prior year, above the 3.1% forecast, the central bank said on Friday.
Bloomberg
01-04-2025
- Business
- Bloomberg
Chile Economic Activity Drops in Month Following Huge Blackout
Chile's economic activity dropped for the first time in three months in February, reflecting the hit from from a nationwide electricity blackout that dented output from the nation's giant copper mines. The Imacec index, a proxy for gross domestic product, fell 0.5% from January, versus the median estimate for a 0.1% increase from analysts in a Bloomberg survey. Activity declined 0.1% from the prior year, the first annual drop since June, the central bank said on Tuesday.
Bloomberg
03-03-2025
- Business
- Bloomberg
Chile Economic Activity Posts Longest Streak of Gains Since 2021
Chile's economic activity rose for the fourth straight month in January, marking the longest streak of gains since 2021 as the central bank signals there's a high bar for further interest rate cuts. The Imacec index, a proxy for gross domestic product, increased 0.4% from the previous month, above the 0.2% median estimate of analysts in a Bloomberg survey. Activity gained 2.5% from a year prior, the central bank reported on Monday.
