The Chilean Central Bank announced that the performance of the country’s economy increased by 3.5 percent in April 2024 from April 2023, as measured by the Imacec index.
According to the Chilean Central Bank, the increase on yearly basis reflects improvements in all sectors of the economy.
The services sector increased by 2.9 percent and added 1.4 points (pp) to the index, followed by other goods produced (5.3 percent and 0.6 pp), Industry (6.5 percent and 0.6 pp), trading activities (6.4 percent and 0.6 pp) and mining activities (2,2 percent and 0.4 pp).
When considering the evolution from March to April, the Imacec index declined by 0.3 percent, reflecting the production of goods declining by 0.5 percent, mining activities declining by 2.4 percent, the manufacturing industry increasing by 0.9 percent, production of other goods increasing by 0.3 percent, trading activities declining by 1.4 percent, and services increasing by 0.2 percent
The monthly index of economic activity (Imacec) is an estimate that measures the activity of different sectors of Chile’s economy, in a given month, measured at prices of the previous year. It is considered as a proxy of the country’s gross domestic product (GDP) evolution.