Imacec is an acronym that stands for Índice Mensual de Actividad Económica, which translates to Monthly Economic Activity Index in English. It is an economic indicator commonly used in Chile to measure the overall performance and growth of the country's economy on a monthly basis. The index is calculated by the Chilean Central Bank and is considered an important tool for policymakers, economists, and analysts to assess the current state of the economy and make informed decisions.
Imacec is computed by taking into account various key economic sectors, including mining, manufacturing, retail, services, and construction. The data used to calculate the index is gathered from different sources, such as surveys, administrative records, and official statistics. By analyzing the monthly changes in the index, economists can identify trends, patterns, and fluctuations in the economy, which can help them predict future economic developments and adjust monetary or fiscal policies accordingly.
The Imacec figure is released by the Central Bank of Chile around the middle of each month and is eagerly anticipated by financial markets as it provides an early indication of the country's economic performance. A positive Imacec value suggests economic growth, while a negative value indicates a contraction or downturn. Additionally, the rate of change in the Imacec figure can provide insights into the speed and direction of economic expansion or contraction.