LatinNews Daily - 04 December 2023

*Chile’s central bank (BCCh) has published the October figures for its monthly index of economic activity (Imacec), which shows a 0.1% decrease from the previous month and 0.3% increase compared to the same month of 2022. In year-on-year terms, there was growth in the manufacturing industry (+6.3%) and the rest of goods and services (+4.8%). This was partially offset by a 4.0% drop in mining. The monthly decline was determined by the performance in the mining sector (-3.5%), and somewhat mitigated by the increase in services (+0.6%), commerce (+1.6%), and industry (+1.3%). This comes after the Imacec increased by 0.6% in monthly terms in September, when it showed no variation year-on-year. In August the Imacec dropped by 0.9% in yearly terms and by 0.5% in monthly terms.