Chile Leading Economic Index

Last Release

Feb 29, 2024

Actual

4.5

Units In

2.5

Frequency

Monthly

Next Release

May 02, 2024

Time to Release

30 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
20.61 Jun 2021	-15.31 May 2020	2.72 %	2009-2024	Central Bank of Chile

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.

Latest Updates

Chile's Imacec economic activity index rose by 4.5% year-on-year in February 2024, the most since May 2022, and accelerating from a downwardly revised 2.3% increase in the previous period. February 2024 had one more working day than February 2023. Production of goods advanced further (8.7% vs 3.4% in January), as output increased in all sectors, namely mining (11.5% vs 1.5%), manufacturing (5.2% vs 2.9%), and other goods (6.7% vs 4.5%). In addition, the services sector continued to expand as well (3.2% vs 2.5%). Conversely, trade growth ticked down (2% vs 2.1%). On a seasonally adjusted monthly basis, Chilean economic activity advanced by 0.8%, down from an upwardly revised 2% increase in February.