LatinNews Daily - 02 July 2025

*Chile’s central bank (BCCh) has released its latest monthly index of economic activity (Imacec), which serves as a proxy for GDP, showing an increase of 3.2% in May 2025 compared with the same month of 2024. This growth was particularly attributed to the performance of the mining sector, which experienced annual growth of 10.3%, with an overall 4.6% year-on-year increase in the production of goods. A 2.4% increase was also reported in the services industry, with the BCCh highlighting the performance of personal (particularly health) services, as well as a 4.5% increase in trade, driven primarily by retail sales. In seasonally adjusted terms, however, the Imacec recorded an overall decrease of 0.2% from the previous month, the first monthly decrease since February, with reductions in the production of goods (-0.1%), trade (-0.2%), and services (-0.2%). Similarly, while the non-mining Imacec experienced annual growth of 2.4%, it fell 0.2% in seasonally adjusted terms compared to the previous month, although it increased by 3.3% over the past twelve months. Overall, the Imacec report reveals underperformance compared to market predictions, falling short of a 3.7% expansion that had been forecast by economists polled by Reuters.

End of preview - This article contains approximately 205 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial