*Chile’s central bank (BCCh) has released the latest figures for its economic activity index (Imacec) which showed a 1.2% year-on-year fall in April and a 0.1% rise compared to March. This compares to a year-on-year fall of 0.1% and a 0.3% monthly rise in the Imacec
in March. According to the BCCh, the year-on-year result for April was mainly driven by an 11.8% fall in mining, which was partially offset by a 2.1% increase in trade and a 0.8% rise in services year-on-year. The BCCh attributed the monthly result to a 2.3% rise in manufacturing, although this was offset somewhat by a 1.0% drop in trade and a 0.2% fall in services. The non-mining Imacec increased by 0.4% in annual terms and showed no variation in monthly terms.
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