Chile - Industrial Production

Chile: Industrial Production

Mnemonic	IP.ICHL
Unit	Index 2018=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	3.99 %
Data	Feb 2024	99.25
	Jan 2024	103.37

Series Information

Source	National Institute of Statistics (INE)
Release	Industrial Production Index (IPI)
Frequency	Monthly
Start Date	1/31/1958
End Date	2/29/2024

Chile: Business

	Reference	Last	Previous	Units	Frequency
Industrial Production	Feb 2024	99.25	103.37	Index 2018=100, NSA	Monthly
Business Confidence	Dec 2023	94.95	96.11	Index long term avg=100, SA	Monthly
Change in Inventories	2023 Q4	-1,668	-776.27	Bil. CLP, NSA	Quarterly

Release Information

Description

For Chile, the National Institute of Statistics (INE) reports a monthly general Industrial Production Index. The data set also includes indexes for the mining, manufacturing, and electric, gas, and water industries. Figures are based 2014=100 and are not seasonally adjusted (NSA). Moody's analytics also provides seasonally adjusted supplements.

Properties

Active:

Classification: CIIU 4 (localization of UN ISIC Rev. 4)
Measurement: Fixed-base index relative to 2018 (Index 2018=100)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start date: Uniformly 2018m1

Predecessors:

2014=100 - 2009m1 or 2014m1 to 2023m10 ("_14")
2009=100 - 2012m1 to 2016m12 ("_09")
2002=100 - 2003m1 to 2011m12 ("02")

Global concept aliases:

IP.ICHL

Methodology

The Index of Industrial Production and Sales Physics (IPVF) is an economic indicator which aim is to measure the monthly development of the productive activity undertaken by the industries for the Category D Tab Industries Manufacturers from the International Standard Industrial Classification of All Economic Activities (ISIC), Revision 4 United Nations.

The cyclical nature the rate and timing of its publication, with a lag of 28 days, make it in a key indicator for the calculations of the Monthly Index of Activity Economic (IMACEC) and the Quarterly National Accounts made by the Bank Central de Chile. The index also gives accurate expectations of employers.

Moody's Analytics supplements

For two of the component indexes, we back-extend (mining to 1957m1, manufacturing to 1958m1) and construct SA counterparts.