Market estimates increase from Imacec around 4% in May

About 4% of the market focuses its growth projections of economic activity in May, compared to the same month of the previous year, after the sectoral indicators published by the INE.

Mining production increased by 6.4% over this period, which affected a weak base of comparison related to the climatic problems of the previous year. Manufacturing industry grew 1.8%, mainly due to the increase in machinery and equipment manufacturing due to increased demand from the mining company. Electricity, gas and water (EGA), in 1.1%, in which the production of water and electricity affected, with a decrease in the distribution of natural gas and by caera and regasification.

Matas Solorza, economist at Banchile Inversiones, focuses the projection of Imacec at 4.2%. Valentina Rosselli, Econsult's chief economist, also points to a figure of 4% which, he adds, added to the 4.2% growth in the first quarter, "consolidates our forecasts that the recovery for this year could approach 4% ". Ita goes in the same direction and emphasizes that "the recovery of the activity is being consolidated". BCI's preliminary estimate for Imacec in May is between 3% and 4%, a figure that will be limited on Tuesday, when trade figures will be released. BBVA Research forecasts between 3.5% and 4%.