Imacec

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Chile's Central Bank reported that the Economic Activity Index (Imacec) fell 0.3% in February, accumulating a 0.4% contraction in the first two months of the year. Goods production dropped 3.7%, though mining saw a slight rebound. Economists are adjusting forecasts for 2026 GDP near 2%.

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The Central Bank reported a 2.2% growth in October's Imacec, driven by commerce and services. While the year's accumulated expansion reaches 2.5%, experts warn that December's high comparison base could complicate the government's 2.5% GDP projection for 2025. If achieved, the average under Gabriel Boric's administration would surpass Michelle Bachelet's.

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