Key Facts
—The forecast. Analysts polled in the central bank’s 10 July survey expect June activity to have risen 1.2%, ending five straight months of annual contraction.
—The catch. The figure is a projection, not a result; the actual June Imacec is published in early August.
—The downgrade. The same survey trimmed 2026 growth to 1.3%, and analysts now see no interest-rate cut this year, with the rate held at 4.5%.
—The slump. Activity fell every month from January to May, ending with a 0.9% drop in May driven by an 11.6% collapse in mining output.
