LatinNews Daily - 04 January 2023

In brief: Chile’s economic growth continues to slow

* Chile’s central bank (BCCh) has released new figures showing that the monthly index of economic activity (Imacec), which serves as a proxy for GDP, dropped by 2.5% in November 2022 compared to the same month of 2021. In monthly terms, the Imacec was down 0.8% compared to October. BCCh attributed the yearly Imacec results to a drop in trade (-8.8%) and industrial manufacturing (-6.5%), whereas the monthly decrease was driven by the decrease in the mining sector (-4.3%). This follows a yearly decrease in the Imacec of 1.2% in October and 0.4% in September.

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