IMACEC

The Imacec, released by the Banco Central de Chile, is a monthly indicator of the production in all of the economic sectors in Chile. It is a key indicator of GDP variation as it measures around the 90% of the good and services sectors and shows the short-time economy evolution. It is published around the fith day of each month. Generally speaking, a high reading is seen as positive (or bullish) for the CLP, while a low reading is seen as negative (or bearish).