Are Expectations Cooled?: Economists' Calculations for the Year After the Disappointing August Imacec

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The Chilean economy measured by the Imacec grew only 0.5% in August, well below the projections of the experts who expected an expansion of between 0.9% and 2.2%.The mining mainly affected the performance of the activity.According to the Central Bank, the production of goods fell 3.4% in annual terms, result that was determined by the strong decline of 8.6% of this sector, in particular, by a lower copper extraction. Behind this is the paralysat…

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The Central Bank announced the Monthly Indicator of Economic Activity (Imacec) of August, which showed a growth of 0.5% compared to the same month of the previous year. The seasonalized series decreased 0.7% from the previous month and increased 1.3% in twelve months. The month recorded a business day less than August [...] The Imacec entry grows slightly 0.5% in August by less mining production was first published in INFOGATE.

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The Central Bank reported that the Imacec of August 2025 grew 0.5% compared to the same month of the previous year (Table 1). The seasonalized series decreased 0.7% from the previous month and increased 1.3% in twelve months. The month recorded a working day less than August 2024. The result of the Imacec was explained [...] The entry The economy only grows 0.5% in August was first published in Desenfoque.cl.

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Mercado expected an Imacec between 0.9 and 2.2%, after the fall of the Industrial Production Index of -1.9% reported this Tuesday, dragged by a strong contraction of mining.

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The non-mining Imacec showed an annual growth of 1.7% ...