*Chile’s central bank (BCCh) has released the latest monthly index of economic activity (Imacec), which serves as a proxy for GDP. In annual terms, economic activity increased by 1.8% in July, with commerce up by 6.6% and services up by 2.6%. These increases were partially offset by a 0.9% annual drop in the production of goods, driven by a 3.3% decline in mining. In seasonally adjusted monthly terms, the Imacec was up by 1.0% compared with June. This resulted from a 1.4% rise in the production of goods (with mining up by 5.2%), a 1.4% increase in commerce, and a 0.7% increase in services.
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