*Chile’s central bank (BCCh) has released its latest monthly index of economic activity (Imacec), a key proxy for GDP, showing a 2.5% increase in economic activity in April as compared to the same month of 2024. In seasonally adjusted terms, the Imacec grew by 0.6% from the previous month – triple the 0.2% median estimate of analysts in a Bloomberg survey – and by 3.3% over the past 12 months. This follows yearly growth of 3.8% in March when the Imacec was up by 0.8% in monthly terms. The BCCh attributed this performance to year-on-year growth across all sectors, highlighting annual growth in mining (+10.7%) and services (+1.2%). The BCCh said the monthly result was driven by growth in mining (+3.3%). The non-mining Imacec was up 1.8% in yearly terms and 0.3% as compared to the previous month.
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