LatinNews Daily - 02 July 2021

In brief: Chile’s economic activity shows strong performance

* Chile’s central bank (BCCh) has released the most recent figures for its monthly indicator of economic activity (Imacec), which shows an 18.1% year-on-year variation in May. Meanwhile, the seasonally-adjusted Imacec increased 2.6% in May compared with April, and grew by 17.3% over the past 12 months. The positive performance of Chile’s economic activity was in particular driven by the services industry, where activity grew 16.8% year-on-year, and commercial activities, which grew 51.3%. The production of goods expanded 7.5% year-on-year, buoyed by a 15.3% expansion in the manufacturing industry but weighed down by a 0.3% contraction in mining. The BCCh noted that the Imacec’s performance can in part be explained “by the lower basis of comparison in May last year” as well as by a “better adaptation [this year] of households and businesses to the sanitary emergency associated with Covid-19 [the coronavirus pandemic]”.  

End of preview - This article contains approximately 150 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.