You are here: Home > Steel News > Latest Steel News > Performance...

Performance of the Chilean economy increases in May

Thursday, 11 July 2024 10:05:44 (GMT+3)   |   Sao Paulo
       

The Chilean Central Bank announced that the performance of the country’s economy increased by 1.1 percent in May 2024 from May 2023, as measured by the Imacec index.

According to the Chilean Central Bank, mining activities increased by 7.6 percent and added 1.0 points (pp) to the index, followed by services (0.8 percent and 0.5 pp), other goods produced (3.7 percent and 0.4 pp), manufacturing industry (-1.4 percent and -0.1 pp), and trading activities (-2.0 percent and -0.2 pp).

Under the same comparative basis, the collection of taxes on the production activities declined by 3.4 percent.

When considering the evolution from April to May, the IMACEC index declined by 0.4 percent, while considering the 12-month period ended in May, the IMACEC index increased by 2.0 percent on yearly basis.

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.


Similar articles

Chile’s Grupo CAP posts a net loss for Q3 2024

12 Nov | Steel News

Annual performance of the Chilean economy was stable in September

07 Nov | Steel News

Annual performance of the Chilean economy increases in August

03 Oct | Steel News

Chilean steel producer Huachipato shuts down its blast furnace today

16 Sep | Steel News

Apparent consumption of steel products declines in Chile during the first half of 2024

13 Sep | Steel News

Performance of the Chilean economy exceeds expectations in July

02 Sep | Steel News

Chile’s Grupo CAP posts a net loss for Q2 2024

28 Aug | Steel News

Performance of the Chilean economy increases slightly in June

08 Aug | Steel News

Chilean steel producer Huachipato will suspend operations

08 Aug | Steel News

Apparent steel consumption in Chile is lowest in the decade

27 Jun | Steel News