Chile Freight Transport Report Q1 2015

BMI Research
December 24, 2014
65 Pages - SKU: BMI5432392
Countries covered: Chile

Chile Freight Transport Report Q1 2015

BMI View: For 2015, BMI maintains its cautious outlook on Chile's freight transport sector, and theeconomy as a whole, largely on the back of the slowdown in Chinese growth and its demand for copper. Webelieve that weaker fixed investment in Chile amid mounting external headwinds, such as cooling externaldemand for copper, will affect real GDP growth in Chile in 2015. In addition, deteriorating investorsentiment and an ongoing slowdown in private consumption will drive growth even lower in Chile in 2015.

Economic growth will accelerate moderately in 2015 on the back of stronger government consumption, animproved net exports position and a slight rebound in fixed investment.

Considerable investment in the expansion of Chile's ports confirms our positive outlook for its portsinfrastructure and the wider construction industry. In the immediate term, we expect the port of SanAntonio, now the country's largest port, to continue to outperform the port of Valparaíso. The former isexpected to continue its solid pace of growth witnessed recently, registering growth in container throughputof almost 10% over medium-term forecast to 2019.



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