Industrial production in Chile increased 0.7 percent year-on-year in April of 2019, up from a 0.8 percent fall in the previous month. It was the first gain in industrial activity since December of 2018, as output rebounded for mining (2.6 percent from -3.7 percent in March), of which copper (3.8 percent). In addition, production advanced further for utilities (2.9 percent from 1.0 percent) while manufacturing output fell 1.4 percent (from 1.4 percent in March). On a monthly basis, industrial output edged up 0.1, after a 2.9 percent rise in March. Industrial Production in Chile averaged 1.85 percent from 1997 until 2019, reaching an all time high of 14.05 percent in May of 2000 and a record low of -11.50 percent in February of 2009.
Industrial Production in Chile is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Chile to stand at 2.50 in 12 months time. In the long-term, the Chile Industrial Production is projected to trend around 3.60 percent in 2020, according to our econometric models.