LatinNews Daily - 6 May 2025

*Chile’s central bank (BCCh) has released its latest monthly index of economic activity (Imacec), a key proxy for GDP, showing a 3.8% year-on-year increase in economic activity for March 2025. This marks a strong rebound from the 0.1% drop in activity registered in February. In seasonally adjusted terms, the Imacec grew by 0.8% from the previous month and by 2.9% over the past 12 months. The BCCh attributed this performance to growth across most sectors. Production of goods saw a year-on-year increase of 4.4%, mainly driven by a 6.1% rise in manufacturing and 4.3% growth in mining. Trade grew by 8.9% year-on-year, and 0.3% in monthly terms, while services saw an annual increase of 2.7% and 0.2% in monthly terms, driven mainly by growth in health services. Production of goods saw 1.3% growth in monthly terms. Notably, mining expanded by 6.0% in monthly terms, helping to offset declines in manufacturing (-0.8%) and production of other goods (-1.2%). The non-mining Imacec presented annual growth of 3.8%, while in seasonally adjusted terms it grew 0.1% with respect to the previous month. Chile’s Finance Minister Mario Marcel said the results had exceeded expectations, affirming that “the Chilean economy is on the path of growth”.

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