{"id":5731,"date":"2026-10-01T19:29:17","date_gmt":"2026-10-01T19:29:17","guid":{"rendered":"https:\/\/catlec.cl\/?p=5731"},"modified":"2026-10-05T19:48:34","modified_gmt":"2026-10-05T19:48:34","slug":"radio-agricultura-imacec-cae-por-segundo-mes-consecutivo-que-esta-frenando-a-la-economia-chilena","status":"publish","type":"post","link":"https:\/\/catlec.cl\/en-us\/radio-agricultura-imacec-cae-por-segundo-mes-consecutivo-que-esta-frenando-a-la-economia-chilena\/","title":{"rendered":"[Radio Agricultura] Imacec cae por segundo mes consecutivo: \u00bfqu\u00e9 est\u00e1 frenando a la econom\u00eda chilena?"},"content":{"rendered":"\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>La econom\u00eda chilena volvi\u00f3 a retroceder en agosto<\/strong>. El \u00cdndice Mensual de Actividad Econ\u00f3mica (Imacec) <strong>cay\u00f3 1% respecto del mismo mes de 2025<\/strong>, mientras la serie desestacionalizada disminuy\u00f3 0,7% frente a julio, seg\u00fan inform\u00f3 este jueves el Banco Central.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">El desempe\u00f1o fue dispar entre sectores. <strong>La miner\u00eda se contrajo 17,4%, mientras el resto de bienes creci\u00f3 4,9%, el comercio avanz\u00f3 2,2% y los servicios aumentaron 0,8%<\/strong>. El instituto emisor se\u00f1al\u00f3 que el rubro minero determin\u00f3 el resultado general y que las otras actividades compensaron parcialmente ese retroceso.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Javier Mella<\/strong>, doctor en Finanzas y acad\u00e9mico de la Facultad de Ingenier\u00eda y Ciencias Aplicadas de la Universidad de los Andes (Uandes), se\u00f1ala que el registro estuvo en l\u00ednea con lo que esperaba una vez conocidas las cifras sectoriales. \u201c<strong>Es la segunda ca\u00edda consecutiva, aunque menos profunda que la de julio<\/strong>\u201d, explica.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u00bfPor qu\u00e9 la miner\u00eda arrastr\u00f3 el Imacec?<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">La menor extracci\u00f3n de cobre estuvo detr\u00e1s del fuerte descenso del sector. Entre los factores mencionados por el Banco Central aparecen <strong>menores leyes del mineral, mantenciones y condiciones clim\u00e1ticas adversas<\/strong>.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Mella distingue entre elementos m\u00e1s persistentes y otros propios de la coyuntura<\/strong>. \u201cPor factores m\u00e1s permanentes como menores leyes del mineral, pero otros coyunturales, como mantenciones y los eventos clim\u00e1ticos. <strong>Por s\u00ed sola, la miner\u00eda rest\u00f3 2,3% al Imacec<\/strong>\u201d, sostiene.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">El panorama cambia al excluir esa actividad. \u201c<strong>Sin la miner\u00eda, la econom\u00eda habr\u00eda crecido en agosto. Es m\u00e1s, el Imacec no minero creci\u00f3 1,4%<\/strong>\u201d, afirma el tambi\u00e9n investigador de CATLEC.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Ahora, <strong>esa cifra tambi\u00e9n requiere cautela<\/strong>. El mes tuvo un d\u00eda h\u00e1bil m\u00e1s que agosto de 2025, lo que favoreci\u00f3 la comparaci\u00f3n anual. <strong>\u201cSi se corrige ese efecto, el Imacec no minero crece apenas 0,2% en 12 meses<\/strong>\u201d, precisa Mella.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u00bfCu\u00e1ndo podr\u00eda llegar el punto de inflexi\u00f3n?<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">La discusi\u00f3n sobre los pr\u00f3ximos meses ocurre despu\u00e9s de que el ministro de Hacienda, <strong>Jorge Quiroz, defendiera durante septiembre que en el segundo semestre se producir\u00eda un \u201cpunto de inflexi\u00f3n\u201d<\/strong>, pese al retroceso registrado en julio, y mantuviera una visi\u00f3n favorable hacia adelante.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Mella se\u00f1ala que las expectativas oficiales se adelantaron a los resultados conocidos hasta ahora. \u201c<strong>El Gobierno fue m\u00e1s optimista, pero va a venir un punto de inflexi\u00f3n<\/strong>\u201d, se\u00f1ala.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">De cara a las pr\u00f3ximas mediciones, el acad\u00e9mico espera mejores cifras por factores que podr\u00edan favorecer la comparaci\u00f3n. \u201c<strong>Lo que s\u00ed es esperable es que en el pr\u00f3ximo mes o los subsiguientes ya tengamos mejores cifras, especialmente dado efectos puntuales en agosto<\/strong>, por los efectos clim\u00e1ticos, y una baja base de comparaci\u00f3n en miner\u00eda respecto a 2025\u201d, explica.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">A esa perspectiva a\u00f1ade una advertencia relacionada con las expectativas de la ciudadan\u00eda. \u201c<strong>El problema es que la confianza de las personas en la econom\u00eda se ha ido deteriorando y eso puede tambi\u00e9n generar una recuperaci\u00f3n m\u00e1s d\u00e9bil<\/strong>\u201d, concluye.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.radioagricultura.cl\/noticias\/economia\/imacec-cae-por-segundo-mes-consecutivo-que-esta-frenando-a-la-economia-chilena_20261001\/\">Informaci\u00f3n de Radio Agricultura<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Imacec anot\u00f3 su segunda ca\u00edda consecutiva arrastrado por el sector minero. El investigador de CATLEC, Javier Mella, desglosa el impacto real de las cifras y proyecta los pr\u00f3ximos meses.<\/p>\n","protected":false},"author":6,"featured_media":5732,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[52],"tags":[164,163],"class_list":["post-5731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prensa","tag-imacec","tag-javier-mella"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>[Radio Agricultura] Imacec cae por segundo mes consecutivo: \u00bfqu\u00e9 est\u00e1 frenando a la econom\u00eda chilena? - CATLEC<\/title>\n<meta name=\"description\" content=\"El Imacec anot\u00f3 su segunda ca\u00edda consecutiva. 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