Industrial production in Chile advanced 2.9 percent year-on-year in March of 2021, following an upwardly revised 3.5 percent contraction in the previous month. It was the first expansion of industrial output since October of 2020, driven by a rebound across industrial activities. Manufacturing output rose the fastest (3.9 percent vs -0.4 percent in February), on the back of alcoholic & non-alcoholic beverages (10.6 percent); followed by mining (2.1 percent vs -6.9 percent), mostly metallic minerals (1.8 percent); and production of electricity, gas and water supply (1.8 percent vs -4.3 percent), underpinned by higher electricity production (2.4 percent). On a seasonally adjusted monthly basis, industrial activity went up 1.3 percent, after an upwardly revised 0.3 percent drop in the previous month. source: National Institute of Statistics, Chile
Industrial Production in Chile averaged 1.67 percent from 1997 until 2021, 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. This page provides - Chile Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Industrial Production in Chile is expected to be 1.70 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 1.40 in 12 months time. In the long-term, the Chile Industrial Production is projected to trend around 3.00 percent in 2022 and 3.20 percent in 2023, according to our econometric models.