Chile's Economic Activity Misses Forecasts Sharply In July
15 Articles
15 Articles
The Imacec report a 1.5% decrease in activity, the biggest setback since March 2023. Frontal systems have had an impact on the collapse, with a special impact on mining
The Central Bank reported that the activity suffered a contraction of 1.5% in the seventh month of the year, in the lowest part of the projections.
The data was placed in the most pessimistic part of market expectations.
The Central Bank reported that the Monthly Economic Activity Index (Imacec) of July 2026 fell 1.5% compared to the same month of the previous year. Previously, in June, the activity had managed to grow 2.4% after five consecutive months of seasonalized deterioration. Last month’s fall is greater than that projected by some analysts (-0.9%) and those consulted by the issuing institute in the Economic Expectations Survey (EEA). According to the Ba…
Result was explained by mining and, to a lesser extent, by services and industry.
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