*Chile’s central bank (BCCh) has released its latest monthly index of economic activity (Imacec), used as a proxy to anticipate GDP figures, indicating a 2.3% year-on-year increase in economic activity for the month of October. The increase follows a period of stagnation in September. In seasonally adjusted terms, the Imacec rose by 0.4% compared to the previous month and by 1.7% over the 12 months to October. The growth was driven by increased activity in all sectors of the economy, particularly in services and trade. Production of goods grew by 1.7% in annual terms, mainly due to a rise in mining activity (+3.5%), particularly in copper extraction. Trade saw a 6.2% annual increase, while the services sector grew by 2.2% year-on-year.
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LatinNews Daily - 3 December 2024
In brief: Chile’s economic activity rebounds in October
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- In brief: Chile’s economic activity rebounds in October